Chapter 9 bankruptcy for Puerto Rico is a taxpayer bailout

This is an opinion item.

Author(s)	Mike Watson
Source	Richmond Times-Dispatch
Date	July 11, 2015
URL	http://www.richmond.com/opinion/their-opinion/guest-columnists/article_66ddd109-2e30-5610-a060-49b0ebb0738e.html
Quote	If the Caribbean commonwealth’s leaders have their way, the net result would have U.S. taxpayers underwriting a bailout — and U.S. seniors and working Americans being forced to absorb financial losses for problems they had no part in creating. With $18 trillion in national debt and continued unfettered federal spending in Washington, don’t we have plenty of financial problems of our own?

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This item argues against the position Puerto Rico should be allowed to declare bankruptcy on the topic Puerto Rican government-debt crisis.

This item argues for the position Puerto Rico should be managed by a financial control board on the topic Puerto Rican government-debt crisis.