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.
How can you give out something when we are in the red ????????
???????????????????????? They reduced my Social Security
There goes the Seniors raise for 2017.
Exactly ,along with the 7 million obamass spent going to Hawaii, for christmas
Who?
That is c**p! I get just over 700 to live on monthly.no cost of living raise! Bonus for what? You didnt earn your pay! You sure dont deserve a bonus. Onthis economie !
Of course riiiiiiiiight
Worked for 23 yrs local county gov. we received zip !!
Dawn, that is just how I look at it. It is our taxes supporting this
I didn’t get one want to trade jobs