Trump says Puerto Rico's debt will have to be wiped out

[FakeNews]

In an interview with Fox News, President Donald Trump said that Puerto Rico's debt will have to wiped out.

"They owe a lot of money to your friends on Wall Street and we're going to have to wipe that out. You're going to say goodbye to that, I don't know if it's Goldman Sachs, but whoever it is you can wave goodbye to that," Trump said on Tuesday in an interview with Fox News, according to a Reuters report.

Today, the U.S. territory has nearly $70 billion in debt, an unemployment rate 2.5 times the U.S. average, a 45 percent poverty rate, nearly insolvent pension systems and a chronically underfunded Medicaid insurance program for the poor.

Puerto Rico's job base continues to shrink, taking its economy along with it. Since the recession ended, a lack of job prospects has sent many Puerto Ricans fleeing to the mainland, where the job market is much stronger.

https://www.cnbc.com/2017/10/03/trump-says-puerto-ricos-debt-will-have-to-be-wiped-out.html

 

[DrDelirium]

https://www.cnbc.com/2017/10/03/trump-says-puerto-ricos-debt-will-have-to-be-wiped-out.html

Ajajajajajaja!

 

[ToucheAmore]

Is that before or after he pays his debt to them?

 

[Rightguide]

That could be true. The country has been destroyed and might have to be written off. What's the alternative? I guess we could take the Puerto Rican people as slaves and put them to work to service their debt?

 

[ToucheAmore]

That could be true. The country has been destroyed and might have to be written off. What's the alternative? I guess we could take the Puerto Rican people as slaves and put them to work to service their debt?

what?

 

[Rightguide]

what?

It was a joke. get a clue.

 

[phrodeau]

https://www.bloomberg.com/news/arti...s-puerto-rico-s-debt-may-need-to-be-wiped-out

Puerto Rico Bonds Plunge After Trump Suggests Debt May Need to Be Wiped Out

A benchmark general obligation bond due in 2035 plunged to a record low of 32 cents on the dollar Wednesday morning from 44 cents the previous day after the president’s remarks.