No bailout for Uncle Louie

posted by
January 21, 2016
The American Spectator
by Eric Peters  
Posted in Commentary

"If your Uncle Louie can't handle his money, giving him more money is probably not a good idea. A better idea would be to help Louie learn how to handle his money. Same goes for Puerto Rico. The prospective 51st state is headed toward skid row on an epic scale: $72 billion in debt -- and an unemployment rate pushing 15 percent -- the direct result of decades of big government spending programs that continue unabated. A default appears imminent. Clearly, the government needs help. But more money is what Puerto Rico wants. Unlimited, no strings attached." (01/21/16)

http://spectator.org/articles/65257/no-bailout-uncle-louie  

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