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Read the rules in the OP before posting, please.

In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up!

NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious.
Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action.
Mohdoo
Profile Joined August 2007
United States15723 Posts
October 04 2017 13:47 GMT
#178361
It's not like Puerto Rico is going to somehow bootstrap itself out of widespread disaster all while paying off 70b in debt. Puerto Rico is our responsibility. It is our fault it is doing poorly in the same way it is our fault when a state does shitty. State or not, it is more ours than anyone else's. It doesn't just exist in some alternate dimension. I'm not so sure debt forgiveness is the right answer. I don't even really have a firm grasp on what that would look like. But from my perspective, Puerto Rico has just been kinda swept under the rug and left to be the next guys problem.
Plansix
Profile Blog Joined April 2011
United States60190 Posts
Last Edited: 2017-10-04 13:48:26
October 04 2017 13:47 GMT
#178362
On October 04 2017 22:43 KwarK wrote:
What is meant to be the alternative to bankruptcy here? They can't pay and they can't refinance.


You forgive the debt and it’s a write off. Which is what should happen, since getting blood from a stone is stupid.

And I know how BK law works and it is really questionable to apply it anything the size of a state. But in this case, there the PR is judgment proof. They have no ability to pay and won’t for a decade.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
KwarK
Profile Blog Joined July 2006
United States43206 Posts
October 04 2017 13:49 GMT
#178363
If someone loans you money you literally cannot repay then whether they forgive the debt is between them and Jesus, the debt is in default either way.

The problem with PR is that they are legally barred from seeking bankruptcy as a recourse. It's illegal for them to not make payments with money that they do not have.
ModeratorThe angels have the phone box
farvacola
Profile Blog Joined January 2011
United States18838 Posts
October 04 2017 13:51 GMT
#178364
Hopefully, PR's mess starts up a conversation with regards to sovereign debt and our archaic local/state/federal financial framework. The law surrounding the debt obligations of states needs to change and soon.
"when the Dead Kennedys found out they had skinhead fans, they literally wrote a song titled 'Nazi Punks Fuck Off'"
Danglars
Profile Blog Joined August 2010
United States12133 Posts
October 04 2017 13:55 GMT
#178365


At least they issued a substantial correction.
Great armies come from happy zealots, and happy zealots come from California!
TL+ Member
Plansix
Profile Blog Joined April 2011
United States60190 Posts
Last Edited: 2017-10-04 13:58:07
October 04 2017 13:56 GMT
#178366
On October 04 2017 22:49 KwarK wrote:
If someone loans you money you literally cannot repay then whether they forgive the debt is between them and Jesus, the debt is in default either way.

The problem with PR is that they are legally barred from seeking bankruptcy as a recourse. It's illegal for them to not make payments with money that they do not have.

You are not wrong, but its extra dumb to try and get blood from a stone. I have this discussion with clients all the time. Debt holders rely on the state to enforce that debt. Debt collectors cannot take a debtor’s money, the state does it on their behalf through the power of the court. Courts are generally not pumped to enforce debt against people who have clearly been fucked by life in general. So the debt collectors for PR are shit out of luck. The responsible thing to do would before the Federal government and to work with the debt holds to ease the pain, or offer to buy off the debt at fire sale prices.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
Gahlo
Profile Joined February 2010
United States35161 Posts
October 04 2017 13:58 GMT
#178367
On October 04 2017 22:55 Danglars wrote:
https://twitter.com/derekahunter/status/915560560837750785

At least they issued a substantial correction.

What a laughable tweet. If there were no standards they wouldn't have changed it and doubled down on the incorrect stuff like Fox does.
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
October 04 2017 14:02 GMT
#178368
"Smokey, this is not 'Nam, this is bowling. There are rules."
farvacola
Profile Blog Joined January 2011
United States18838 Posts
October 04 2017 14:05 GMT
#178369
Those corrections don't even make sense, the council established by PROMESA provided the governor with a set of terrible budget cutting options that he had to choose from, and the notion that holding the feet of PR to the fire of "choose your cuts, but get no debt relief" is anything other than austerity is laughably stupid.
"when the Dead Kennedys found out they had skinhead fans, they literally wrote a song titled 'Nazi Punks Fuck Off'"
RealityIsKing
Profile Joined August 2016
613 Posts
October 04 2017 14:08 GMT
#178370
On October 04 2017 22:58 Gahlo wrote:
Show nested quote +
On October 04 2017 22:55 Danglars wrote:
https://twitter.com/derekahunter/status/915560560837750785

At least they issued a substantial correction.

What a laughable tweet. If there were no standards they wouldn't have changed it and doubled down on the incorrect stuff like Fox does.


Show us a few examples.

KwarK
Profile Blog Joined July 2006
United States43206 Posts
October 04 2017 14:09 GMT
#178371
The debt is about $21k for every man, woman, and child in Puerto Rico.
ModeratorThe angels have the phone box
Plansix
Profile Blog Joined April 2011
United States60190 Posts
October 04 2017 14:10 GMT
#178372
I like how we shelled out to rebuild Nazi Germany, but forgiving a destroyed Puerto Rico’s debt is a bridge to far.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
KwarK
Profile Blog Joined July 2006
United States43206 Posts
October 04 2017 14:12 GMT
#178373
On October 04 2017 23:08 RealityIsKing wrote:
Show nested quote +
On October 04 2017 22:58 Gahlo wrote:
On October 04 2017 22:55 Danglars wrote:
https://twitter.com/derekahunter/status/915560560837750785

At least they issued a substantial correction.

What a laughable tweet. If there were no standards they wouldn't have changed it and doubled down on the incorrect stuff like Fox does.


Show us a few examples.


http://www.politifact.com/punditfact/statements/2017/jul/18/greg-gutfeld/fox-news-host-cites-ted-kennedy-kgb-meeting-never-/
http://www.politifact.com/punditfact/statements/2014/oct/30/megyn-kelly/megyn-kellys-errant-claim-about-colorado-voters-pr/

And incidentally, this old classic
http://www.businessinsider.com/study-watching-fox-news-makes-you-less-informed-than-watching-no-news-at-all-2012-5

Fox News is a joke.
ModeratorThe angels have the phone box
Plansix
Profile Blog Joined April 2011
United States60190 Posts
October 04 2017 14:13 GMT
#178374
On October 04 2017 23:08 RealityIsKing wrote:
Show nested quote +
On October 04 2017 22:58 Gahlo wrote:
On October 04 2017 22:55 Danglars wrote:
https://twitter.com/derekahunter/status/915560560837750785

At least they issued a substantial correction.

What a laughable tweet. If there were no standards they wouldn't have changed it and doubled down on the incorrect stuff like Fox does.


Show us a few examples.


http://www.npr.org/2017/05/24/529809256/fox-news-retracts-dnc-staffer-conspiracy-story-but-hannity-keeps-it-alive

And this story was debunked months before.

And the whole birther thing. They really doubled down on that pile of fake news.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
KwarK
Profile Blog Joined July 2006
United States43206 Posts
October 04 2017 14:13 GMT
#178375
On October 04 2017 23:10 Plansix wrote:
I like how we shelled out to rebuild Nazi Germany, but forgiving a destroyed Puerto Rico’s debt is a bridge to far.

Yeah but you have to remember that they were victims antifa bombings.
ModeratorThe angels have the phone box
Mohdoo
Profile Joined August 2007
United States15723 Posts
Last Edited: 2017-10-04 14:55:27
October 04 2017 14:55 GMT
#178376
For people who actually know stuff about this kinda thing, unlike me:

What does Puerto Rico's situation look like...say...25 years from now, if nothing changes? Let's say PR hits 200b in debt. What then? Do they eventually get denied loans? What happens then?

From my perspective, this has an eventual end where the federal government is forced to swoop in. Is this one of those political things where doing anything is a bad thing? No matter what you do, you lose politically, so just do nothing because re-election and blah blah blah? But if it hits a critical point and you are forced to act, you're just taking care of business rather than advocating for some politically leaning solution?
Plansix
Profile Blog Joined April 2011
United States60190 Posts
October 04 2017 15:00 GMT
#178377
On October 04 2017 23:55 Mohdoo wrote:
For people who actually know stuff about this kinda thing, unlike me:

What does Puerto Rico's situation look like...say...25 years from now, if nothing changes? Let's say PR hits 200b in debt. What then? Do they eventually get denied loans? What happens then?

From my perspective, this has an eventual end where the federal government is forced to swoop in. Is this one of those political things where doing anything is a bad thing? No matter what you do, you lose politically, so just do nothing because re-election and blah blah blah? But if it hits a critical point and you are forced to act, you're just taking care of business rather than advocating for some politically leaning solution?

When the state is destroyed by a hurricane and literally has no economy and won’t have one for several years. That is the breaking point.

But normally it is when the state is close to defaulting on its debt obligation. Once a state goes into default, its economy goes into free fall, because they can’t pay their bills. And by bills, that means the state pay roll, insurance, rent on buildings the state uses.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
ChristianS
Profile Blog Joined March 2011
United States3249 Posts
October 04 2017 15:22 GMT
#178378
On October 04 2017 22:14 Danglars wrote:
Show nested quote +
On October 04 2017 13:00 ChristianS wrote:
On October 04 2017 12:53 Danglars wrote:
On October 04 2017 11:38 Mohdoo wrote:
On October 04 2017 11:00 Danglars wrote:
On October 04 2017 09:33 Mohdoo wrote:
This whole Puerto Rico ordeal is such a great example of GOP perspectives on struggling brown people being "Well, have you tried being less shitty? I'll give you a little help, but I am just so bothered by how shitty you are"

The more it’s generalized from Trump to the GOP, the more Republicans learn it’s not about they’re ability/inability to criticize Trump—it’s actually a critique of them.

The issues with black America have been brought up by both you and xdaunt during discussions of inequality. If I'm remembering you wrong, forgive me. But I am positive I've heard it out of mr daunt

I say it as a a reminder when people forget these charges are leveled at Republicans/conservatives instead of just at Trump. It’s not Trump you accused of telling brown people to be less shitty, it’s GOP perspectives. So when we recognize the content and inaccuracy of the critique, we’re reminded that it’s really not about Trump so much, it’s just blanket attacks on GOP members and how they think. Don’t come crying to me after you go through these efforts to push everybody in the corner with Trump and then want to bring them over to your coalition.

I don't think any Dems are losing too much sleep over bringing you or xDaunt into their coalition.

Honestly, the whole line of "you should think about this if you want to convince people" doesn't make sense to me anyway. This is a politics thread, none of us are political operatives for the DNC or RNC (to my knowledge, anyway). I've never felt it was my job to convince you of anything, Danglars, and I sincerely hope you've not wasted too much effort to convert me to... whatever your allegiance is these days (is anti-anti-Trumper still a fair label?).

It's about people here who think those from the right don't criticize as freely or take enough responsibility for Trump. Next breath: GOP hates brown people. So, let me get this straight. You've called us racists and that we hate minorities for how long now? And now you're telling us not to be irresponsible with voicing opposition via Presidential selection when you've taken not one iota of responsibility with your rhetoric? You're going to do the same exact bullshit anyways, might as well give you something to cry about for real this time.

In the long term, healing the division is an important topic. It won't happen when one side goes "What division?" every time they win an election by being hyperpartisans.

This is such a bizarre idea of responsibility. Many liberals claim Republicans are racist and don't care about or hate minorities, sure. I've heard this rhetoric, too. I don't recall ever making such broad statements myself, unless in the sense of "everybody is somewhat racist," which isn't really the same thing but whatever.

So Republicans don't like the left calling them racist, and their response is... to elect a man who's blatantly racist? And then complain when the left tries to hold them responsible for the actions of the man they elected? Why on Earth would they expect that to stop the liberals from calling them racists, when they just offered the best evidence for it the liberals have ever had?

I'm trying to think of a role-swap analogy, and the best I have so far is Jonah Goldberg writing a book calling liberals fascists, and liberals responding by literally electing Hitler. Then getting mad when the right cites this as evidence that Goldberg was right. (For the record, if anyone thinks I'm calling Republicans fascists/Godwining with this analogy, you have a poor understanding of what analogies are.)

To be clear, I don't think all Trump supporters are racists. But to support Trump you have to either be so oblivious that you don't recognize racism staring you in the face, or you have to not consider his racism a dealbreaker. I don't think either case is going to be changed by liberals saying "you're right, I'm sorry, you're not racist, now let's talk about the Dems' economic message." It might win the Democrats elections, but again, none of us are political operatives for the DNC so I'd rather people not lie to "build a coalition" or whatever.

How much of Trump's support do you think was based on spite (e.g. "Libs are gonna do the same bullshit anyways, might as well give them something to cry about for real this time")? I'd like to think Trump supporters honestly thought he'd be better for the country; if they knew how bad he was but just wanted to hurt liberals, that's another story entirely.
"Never attribute to malice that which is adequately explained by stupidity." -Robert J. Hanlon
Gorsameth
Profile Joined April 2010
Netherlands21950 Posts
Last Edited: 2017-10-04 15:31:03
October 04 2017 15:30 GMT
#178379
On October 05 2017 00:22 ChristianS wrote:
Show nested quote +
On October 04 2017 22:14 Danglars wrote:
On October 04 2017 13:00 ChristianS wrote:
On October 04 2017 12:53 Danglars wrote:
On October 04 2017 11:38 Mohdoo wrote:
On October 04 2017 11:00 Danglars wrote:
On October 04 2017 09:33 Mohdoo wrote:
This whole Puerto Rico ordeal is such a great example of GOP perspectives on struggling brown people being "Well, have you tried being less shitty? I'll give you a little help, but I am just so bothered by how shitty you are"

The more it’s generalized from Trump to the GOP, the more Republicans learn it’s not about they’re ability/inability to criticize Trump—it’s actually a critique of them.

The issues with black America have been brought up by both you and xdaunt during discussions of inequality. If I'm remembering you wrong, forgive me. But I am positive I've heard it out of mr daunt

I say it as a a reminder when people forget these charges are leveled at Republicans/conservatives instead of just at Trump. It’s not Trump you accused of telling brown people to be less shitty, it’s GOP perspectives. So when we recognize the content and inaccuracy of the critique, we’re reminded that it’s really not about Trump so much, it’s just blanket attacks on GOP members and how they think. Don’t come crying to me after you go through these efforts to push everybody in the corner with Trump and then want to bring them over to your coalition.

I don't think any Dems are losing too much sleep over bringing you or xDaunt into their coalition.

Honestly, the whole line of "you should think about this if you want to convince people" doesn't make sense to me anyway. This is a politics thread, none of us are political operatives for the DNC or RNC (to my knowledge, anyway). I've never felt it was my job to convince you of anything, Danglars, and I sincerely hope you've not wasted too much effort to convert me to... whatever your allegiance is these days (is anti-anti-Trumper still a fair label?).

It's about people here who think those from the right don't criticize as freely or take enough responsibility for Trump. Next breath: GOP hates brown people. So, let me get this straight. You've called us racists and that we hate minorities for how long now? And now you're telling us not to be irresponsible with voicing opposition via Presidential selection when you've taken not one iota of responsibility with your rhetoric? You're going to do the same exact bullshit anyways, might as well give you something to cry about for real this time.

In the long term, healing the division is an important topic. It won't happen when one side goes "What division?" every time they win an election by being hyperpartisans.

This is such a bizarre idea of responsibility. Many liberals claim Republicans are racist and don't care about or hate minorities, sure. I've heard this rhetoric, too. I don't recall ever making such broad statements myself, unless in the sense of "everybody is somewhat racist," which isn't really the same thing but whatever.

So Republicans don't like the left calling them racist, and their response is... to elect a man who's blatantly racist? And then complain when the left tries to hold them responsible for the actions of the man they elected? Why on Earth would they expect that to stop the liberals from calling them racists, when they just offered the best evidence for it the liberals have ever had?

I'm trying to think of a role-swap analogy, and the best I have so far is Jonah Goldberg writing a book calling liberals fascists, and liberals responding by literally electing Hitler. Then getting mad when the right cites this as evidence that Goldberg was right. (For the record, if anyone thinks I'm calling Republicans fascists/Godwining with this analogy, you have a poor understanding of what analogies are.)

To be clear, I don't think all Trump supporters are racists. But to support Trump you have to either be so oblivious that you don't recognize racism staring you in the face, or you have to not consider his racism a dealbreaker. I don't think either case is going to be changed by liberals saying "you're right, I'm sorry, you're not racist, now let's talk about the Dems' economic message." It might win the Democrats elections, but again, none of us are political operatives for the DNC so I'd rather people not lie to "build a coalition" or whatever.

How much of Trump's support do you think was based on spite (e.g. "Libs are gonna do the same bullshit anyways, might as well give them something to cry about for real this time")? I'd like to think Trump supporters honestly thought he'd be better for the country; if they knew how bad he was but just wanted to hurt liberals, that's another story entirely.

80% of Republican voters approve of the job the President is doing. Gallup. If they voted him in while thinking he would do better that number would be lower no?

Trump is what the Republicans wanted.
It ignores such insignificant forces as time, entropy, and death
xDaunt
Profile Joined March 2010
United States17988 Posts
October 04 2017 15:51 GMT
#178380
On October 04 2017 12:20 Gahlo wrote:
I'm happy to state the obvious: The United States is not exactly a paragon of well-run, civilized, and industrious society.

Y'all on the Left should be shaming this post a little more. I know how much you guys hate having your patriotism questioned, and this kind of stupid shit does nothing but reinforce those very sentiments.
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