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(Talking Points Memo)   WH Budget Director: Anyone repeating Trump saying that Puerto Rico should have their debt wiped out is fake news, FAKE NEWS   ( talkingpointsmemo.com) divider line
    More: Fake, Federal government of the United States, Puerto Rico, Luis Fortuño, United States, United States Congress, financial oversight board, Donald Trump, director Mick Mulvaney  
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1623 clicks; posted to Politics » on 04 Oct 2017 at 2:56 PM (2 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



45 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2017-10-04 01:38:38 PM  
Trump opens his trap again and out falls more stupidity?  Color me shocked!

\not shocked
 
2017-10-04 01:41:44 PM  
It didn't sound like Trump at all, it might make it seem like he actually cares.
 
2017-10-04 01:53:48 PM  
Fine. Tuned. Machine.
 
2017-10-04 01:58:17 PM  
The White House has explained that Trump made his statement before he learned of the major plot twist of Bioshock Infinite.
 
2017-10-04 02:10:09 PM  
Puerto Rico has a public debt burden of $70BB dollars and the hurricane impact estimates are around $90 BB dollars.  Even if their debt could be forgiven, they'd still be in an insurmountable hole given their even-more-ruined economy and infrastructure.  I mean we can squawk about palace intrigue and mush-mouth President, but PR is properly f*cked here.
 
2017-10-04 02:18:55 PM  
"the territory was very poorly run for a very long time," Mulvaney said..."

WTF? Puerto Rico was set up for failure by Mulvaney and people just like him. There's no shortage of blame to go around for Puerto Rico's debt problems and a fair amount of it falls on the shoulders of the US Congress.
 
2017-10-04 02:31:35 PM  
At least it is just Wall Street secrets Trump is blabbing.
We can rest assured he would never blab any State secrets, eh?
 
2017-10-04 02:41:29 PM  
He's just trying to nail down the contract for Ivanka's company to provide Taco Bowls
 
2017-10-04 02:57:39 PM  

shortymac: It didn't sound like Trump at all, it might make it seem like he actually cares.


More like he was hoping it would make the PRs suck his dick after telling them they're not suffering enough for their situation to be considered a crisis.
 
2017-10-04 02:59:04 PM  
He's in charge of a thing called "budget."
 
2017-10-04 02:59:20 PM  
He's a truth-teller.  He says what we're all thinking.  He tells it like it is.  He's not afraid to speak the truth.
 
2017-10-04 02:59:20 PM  
Well Trump really is using everything he learned in his Business dealings isn't he.
 
2017-10-04 03:00:17 PM  
Perhaps, we should indicate when news is supported by preponderance of evidence as that seems to be rare these days....
 
2017-10-04 03:00:17 PM  
Since when do we believe anything Trump says?
 
2017-10-04 03:00:22 PM  

Voiceofreason01: "the territory was very poorly run for a very long time," Mulvaney said..."

WTF? Puerto Rico was set up for failure by Mulvaney and people just like him. There's no shortage of blame to go around for Puerto Rico's debt problems and a fair amount of it falls on the shoulders of the US Congress.


Puerto Rico was farked for much the same reason as Greece - it's forced to use a currency with effectively zero control over the monetary policy of said currency. And by Congress dicking them over on tax changes.
 
2017-10-04 03:02:54 PM  
maybe when he preparing to throw out the paper towels he asked someone what paper towels did, and the person responded they could wipe away wet, and he misheard
 
2017-10-04 03:04:45 PM  
We tired of winning yet?
 
2017-10-04 03:09:07 PM  

shortymac: It didn't sound like Trump at all, it might make it seem like he actually cares.


I dunno. Not paying your debts sounds pretty Trumpian to me.
 
2017-10-04 03:09:27 PM  
If that is his plan it's genius, announcing the forgiveness caused the bonds to tank in value saving us tons of cash when we buy them.

This of course assumes he is capable of planning.
 
2017-10-04 03:09:56 PM  

Soon Right Away: Fine. Tuned. Machine.


img.fark.net
 
2017-10-04 03:11:28 PM  
Puerto Rico probably should have continued to provide Naval support in Vieques. When the Navy left, I think they lost a fair amount of bankable value. It was certainly beneficial to PR health-wise but they probably suffered financially as a result.
 
2017-10-04 03:11:32 PM  

factoryconnection: Puerto Rico has a public debt burden of $70BB dollars and the hurricane impact estimates are around $90 BB dollars.  Even if their debt could be forgiven, they'd still be in an insurmountable hole given their even-more-ruined economy and infrastructure.  I mean we can squawk about palace intrigue and mush-mouth President, but PR is properly f*cked here.


Didn't we just increase the already massive military budget by $50bln?  That'd help out quite a bit here.
 
2017-10-04 03:11:36 PM  

skyotter: He's a truth-teller.  He says what we're all thinking.  He tells it like it is.  He's not afraid to speak the truth.


He is so inspiring!  And he smiles all the time!
 
2017-10-04 03:11:55 PM  
Wiping out their debt is what will eventually happen. You can get money 💰 from a destroyed island.
 
2017-10-04 03:11:58 PM  

factoryconnection: Puerto Rico has a public debt burden of $70BB dollars and the hurricane impact estimates are around $90 BB dollars.  Even if their debt could be forgiven, they'd still be in an insurmountable hole given their even-more-ruined economy and infrastructure.  I mean we can squawk about palace intrigue and mush-mouth President, but PR is properly f*cked here.


And Texas is $48 billion in the hole. And Florida is $33 billion in the hole. Weird how we didn't tie assistance to those American citizens (even in public discourse) to how much debt they have.
 
2017-10-04 03:12:24 PM  

shortymac: It didn't sound like Trump at all, it might make it seem like he actually cares.


Sounds like he wants federal dollars to pay Wall Street since there's no chance of squeezing PR for it.
 
2017-10-04 03:12:49 PM  
You can tell each individual person what they want to hear, but eventually they'll notice you talking to someone who wanted to hear something different.
 
2017-10-04 03:23:43 PM  
img.fark.net
 
2017-10-04 03:23:47 PM  
Trump knows  you just have to find the sweet spot in your hotel rates, and keep the working classes away from the tourist areas, and the money just keeps rolling in.

img.fark.net

(No one tell him about the "Suspend Elections" option)
 
2017-10-04 03:24:52 PM  

factoryconnection: Puerto Rico has a public debt burden of $70BB dollars and the hurricane impact estimates are around $90 BB dollars.  Even if their debt could be forgiven, they'd still be in an insurmountable hole given their even-more-ruined economy and infrastructure.  I mean we can squawk about palace intrigue and mush-mouth President, but PR is properly f*cked here.


Most of those losses aren't insured either.
 
2017-10-04 03:30:15 PM  
This is the definition of carnival barking. It's not just being a motormouth.  It's about getting people in the tent and keeping them there with things they are interested in or want to hear.

"Step right up, folks and see the INCREDIBLE two-headed dog!  Oh, you don't care for two-headed dogs?  Well then you have to see the HUGE fat lady!  Not into that?  Well then take a look at this TREMENDOUS trapeze show!  Don't like that?  Well then how about an AMAZING reinstatement of Glass-Steagall (does anyone remember when that was a thing?)"

So this carnival barker is just going to keep making promises and people are going to hear the things they like and forget the rest.  BTW, this isn't calculated master-salesmanship. This is desperation.

Meanwhile, some idiots in the muni bond market took him seriously dropping PR debt by 15% overnight.

img.fark.net
 
2017-10-04 03:35:45 PM  

Trainspotr: Trump knows  you just have to find the sweet spot in your hotel rates, and keep the working classes away from the tourist areas, and the money just keeps rolling in.

[img.fark.net image 850x478]

(No one tell him about the "Suspend Elections" option)


What game is that?
 
2017-10-04 03:36:22 PM  
Did the bonds fall because Wall Street thought Trump was going to say PR did not have to pay their holders?  I would think them being taken over by the US and paid would greatly enhance their status.

Plus I don't think he could do the first.
 
2017-10-04 03:42:49 PM  

Mr.Uncle.Bill: Trainspotr: Trump knows  you just have to find the sweet spot in your hotel rates, and keep the working classes away from the tourist areas, and the money just keeps rolling in.

[img.fark.net image 850x478]

(No one tell him about the "Suspend Elections" option)

What game is that?


One of the Tropicos. I think they're up to 6 in the series. I'm not sure which one exactly that is.
 
2017-10-04 03:44:47 PM  
How completely shocking. When he said it, it sounded like a carefully measured policy that was the result of several well thought out meetings.
 
2017-10-04 03:53:40 PM  
So, for Republicans, an ultra-loose interpretation of the Second Amendment is sacrosanct, but the First Amendment is basically toilet paper (unless it's being used as an excuse to protect Nazis, even though threats, harassment and intimidation aren't covered under the First Amendment).

Guess which Amendment is far, FAR more useful for opposing tyranny?
 
2017-10-04 03:55:02 PM  

Mr.Uncle.Bill: Trainspotr: Trump knows  you just have to find the sweet spot in your hotel rates, and keep the working classes away from the tourist areas, and the money just keeps rolling in.

[img.fark.net image 850x478]

(No one tell him about the "Suspend Elections" option)

What game is that?


Tropico 5, if I remember correctly from the GIS result. I played the hell out of the first one a long time ago. Haven't played any of the newer ones, but people must like them since they keep cranking them out.
 
2017-10-04 03:57:27 PM  
apmaster2000:  
Meanwhile, some idiots in the muni bond market took him seriously dropping PR debt by 15% overnight.

[img.fark.net image 297x233]


No, Trump made it sound like the Federal gubmint was going to take over the loans, so the brokers figured that since Trump never tells the truth....

One way or another, I expect that debt to not be a problem by the end of the year.
 
2017-10-04 04:05:12 PM  
"In 2008, Trump took over the licensing and management of a Puerto Rican golf resort, the Coco Beach Golf and Country Club. But the resort filed for bankruptcy in 2015, leaving Puerto Ricans with nearly $33 million in outstanding bond payments.

Ultimately, the Trump Organization walked away with more than $600,000 in revenue from the management and licensing deal. Eric Trump, the president's son and an executive in the Trump Organization, said after the filing, "We made many millions of dollars on it but never invested a dime." (In the bankruptcy case, Eric Trump filed a claim for about $927,000 in unpaid fees on behalf of Trump Golf Coco Beach LLC, PolitiFact Florida found.)"

(https://www.washingtonpost.com/news/fact-checker/wp/2017/09/30/did-p​re​sident-trump-add-33-million-to-puerto-ricos-debt-by-bankrupting-a-golf​-course-there/)
 
2017-10-04 04:14:51 PM  

SwiftFox: Did the bonds fall because Wall Street thought Trump was going to say PR did not have to pay their holders?  I would think them being taken over by the US and paid would greatly enhance their status.

Plus I don't think he could do the first.


They realized that Trump was going to resolve their deficit the same way he resolves all his deficits; leave the bankers holding empty bags of money.
 
2017-10-04 04:15:43 PM  

The Jami Turman Fan Club: apmaster2000:

One way or another, I expect that debt to not be a problem by the end of the year.


What does that even mean?  Bond obligations don't vanish into thin air.
 
2017-10-04 04:36:21 PM  

Trainspotr: Mr.Uncle.Bill: Trainspotr: Trump knows  you just have to find the sweet spot in your hotel rates, and keep the working classes away from the tourist areas, and the money just keeps rolling in.

[img.fark.net image 850x478]

(No one tell him about the "Suspend Elections" option)

What game is that?

Tropico 5, if I remember correctly from the GIS result. I played the hell out of the first one a long time ago. Haven't played any of the newer ones, but people must like them since they keep cranking them out.


I've played Tropico 1 and Tropico 4 and I felt that Tropico 4 simply didn't have the same level of difficulty in it. Also, a bad hurricane in Tropico 1 and you're truly farked up the butt with corn and papaya.
 
2017-10-04 04:38:30 PM  
The latest cabinet member to be overheard calling the president a moron is.......
 
2017-10-04 06:07:41 PM  

Yakk: If that is his plan it's genius, announcing the forgiveness caused the bonds to tank in value saving us tons of cash when we buy them.

This of course assumes he is capable of planning.


No, he's not capable of planning, but I'm sure there's someone who manipulated that, and will now be buying Puerto Rico for pennies on the dollar.... He's a Useful Idiot, not a Moron!
 
2017-10-05 07:57:53 AM  

cefm: The latest cabinet member to be overheard calling the president a moron is.......


Please use the correct quote.
"is a  f***ing moron"  would be accurate.
 
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