
Don’t Lecture Greece on Welfare: Puerto Rico USA Is Much Worse
With Greece defaulting on its debt, the press has been full of complaints that the lazy Greeks would like to live off of welfare and government handouts rather than work.

With Greece defaulting on its debt, the press has been full of complaints that the lazy Greeks would like to live off of welfare and government handouts rather than work.

Americans do not need to worry about the financial travails of Greece, we have our own debt crisis in Puerto Rico. Prices of the U.S. territory’s general obligations bonds that were issued in March of last year fell to 70 cents on the dollar after Democrat Governor Alejandro Garcia Padilla said investors should be “prepared to sacrifice” being paid back if they want the insolvent island’s economy to grow.