No bailout for Puerto Rico! by John Stossel

Island’s ‘culture of helplessness and entitlement’ shouldn’t be rewarded.

The Republican and Democratic presidential nominees have been chosen. Ignore the deluded supporters of Bernie Sanders and Ted Cruz. It’s over. The odds at ElectionBettingOdds.com make it clear: It will be Donald vs. Hillary.

A closer contest would be: Who will bankrupt America first, Trump or Clinton?

Trump’s a contender because he promises a trade war. That’s what gave us the Great Depression. Trump claims that China is “raping” America. No, Donald, rape is force. Your proposed tariffs are also force. Trade is voluntary and good. Big difference.

Clinton might bankrupt America first, however, because Democrats promise more regulation and handouts – free college, free pre-K, higher minimum wage, etc. Similar activist government spending just destroyed Puerto Rico.

This week, Puerto Rico defaulted on $370 million worth of bonds.

The territory’s “generous” government squandered the island’s resources. Decades of leftist governors hired their friends. In Puerto Rico and Greece, about one in four workers works for government, compared to 14.6 percent in the mainland U.S.

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