Someone forgot to tell Puerto Rico the wise adage: “If you don’t have the cash, then don’t buy it!” The island territory has a debt of $70 billion dollars, is at risk to default come January, 2016, on $900 million and decided to “charge” Christmas bonuses for government employees, to the tune of $120 million.
Someone needs to cut off the allowance, take away the credit cards and require a Dave Ramsey course for imprudent squandering territory.
One-hundred-thirty-six years ago, Puerto Rico enacted a law that requires Christmas bonuses to be paid to government workers. No thought was apparently given to the economic ups and downs that would absolutely occur in this territory. No one took into account that perhaps a LAW was too binding and therefore should not create a promise that was not good for the country and would never be revoked.
But in 1969, Puerto Rico must have been feeling generous when they included mandatory Christmas bonuses. In 2015, Puerto Rico is standing with its tin cup, at the White House door, begging alms for the poor.
On the next page, read how we are enabling Puerto Rico, instead of cutting off the slush fund.
I’m sure that will make all the veterans and starving Americans proud……………..amazes me how these people sleep at night…………..makes you hope karma is a real thing.
Really? How’s that helping the poor or the economy? So selfish aren’t you?
How and why ?
No social security cost of living increase though. Hmm
For what? Screwing the USA citizens?
How do we pay bonuses for such a sorry job ,they are lucky their pay isn’t cut and to even have a job
Amen…!
And they earned every dime of it. Just look at the shape the country’s in . They should’ve all got double bonuses RIGHT?
Where’s our bonuses?
Veterans
Military
Seniors
We ALL deserved a raise..but they call what they got a bonus…..greedy low lives they all are and it starts right from the top!!!!
absolutely insane