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SAN JUAN, Puerto Rico (AP) — The government of Puerto Rico confirmed Monday that it failed to make a $58 million debt payment in a significant escalation of the debt crisis facing the U.S. island territory.
Puerto Rico made a partial payment of $628,000 in interest but could not afford to make the remainder, which was due Saturday, because the legislature did not appropriate the funds, said Melba Acosta Febo, president of the Government Development Bank.
The government had warned on Friday that it would not make the payment and argued that it should not be considered a default under a technical definition of the term, an argument rejected by Moody’s Investor Service and others.
“This event is consistent with our belief that Puerto Rico does not have the resources to make all of its forthcoming debt payments,” said Emily Raimes, a vice president at Moody’s. “This is a first in what we believe will be broad defaults on commonwealth debt.”
Gov. Alejandro Garcia Padilla warned in July that the government and state agencies cannot repay the $72 billion in public debt that hangs over the U.S. territory, which is struggling with a nearly decade-long economic slump.
Garcia’s administration has pushed for the right for Puerto Rico public agencies to file for bankruptcy under Chapter 9, which officials say would allow an orderly restructuring of the debt, but the proposal has not drawn any Republican co-sponsors in the U.S. Congress. The White House has said that no federal bailout is planned.
We here at PBN think it’s ridiculous that after the targeting of a US citizen the FBI and DHS have yet to get in contact with the persons targeted.
We don’t think it would be too much of a stretch to suggest that the reasoning behind this lack of communication is that Pamela Gellar has been quite vocal not only against this administration but also against the Islamists who are spreading their jihad around the world, attempting (and so far, succeeding) to establish a global caliphate, and instituting creeping sharia law in previously free portions of the country.
Given the policies of this current administration it would seem that they are sympathetic to the Islamist cause. In fact, it’s almost like there’s a Muslim in the white house! –PBN
Pamela Geller, the woman targeted by terrorists in Texas over the weekend, says the FBI and the Department of Homeland Security have yet to contact her after the thwarted attacked. She made the comments last night in an interview with Sean Hannity.
Obama is keeping secrets. Our President is lying to us. We the People know that his puerile treason and nihilism against the good people of the USA, won’t stop. Obama continues to pontificate, fabricate, elucidate his lawlessness in our USA regardless of what we say. We’re good people in the USA, right?
But I ask you now, how good are we if we let Barack Obama get away with crimes? Ponder on this for few minutes. I hope you have thought about how good we are, and taken some personal responsibility to do your part. That said If the third stanza of America the Beautiful does not jerk a tear from your soul, reflect: Do you have a soul for the USA? Do you have the heart to take action?
O beautiful for heroes proved In liberating strife,
Who more than self their country loved,
And mercy more than life!
America! America! May God thy gold refine
Till all success be nobleness,
And ev’ry gain divine!’
We’re in trouble cool kids, they be a thug in the hizzy, and he is cold and calculating and as smart as a fox. He has the backing of the loonies in both parties, not lunatics, but crazed for power. If we don’t do what we need to do, like we as in We THE People did to stop the nonsense of Dub’ya with the Dubai Ports deal, Obama will push trough a treasonous act, and give tens of millions of lawbreaking illegals, some of which are terrorists, cover and access, putting the burden on, yes… We The People! In closing I’m pretty sure that the tears of the Founders are pouring out of their now closed eyes, but, as Americans, regardless of generation, we are a law abiding nation (usually), our cities cannot gleam however under the direction of evil, which attempts to glean our citizens with their selfish intent of our God given liberty, like this administration lives to perpetrate.
O Beautiful for patriot dream
That sees beyond the years
Thine alabaster cities gleam,
Undimmed by human tears!
America! America! God shed His grace on thee,
And crown thy good with brotherhood
From sea to shining sea!
TIME Magazine wrote
Activists met privately with the President and his aides June 30 at the White House, and say in that meeting Obama suggested he will act before the November midterm elections. They hope his decision will offer relief to a significant percentage of the estimated 11.7 million undocumented immigrants in the U.S. “He seems resolute that he’s going to go big and go soon,” says Frank Sharry, executive director of the pro-reform group America’s Voice.
~M.Katherine Orts and husband Pastor David A. Orts founders of USDefenseLeague.com “Pushing Back Tyranny With Truth” Subscribe for free now. Donate to become a USDefenseLeague.com Patriot ($5.oo monthly) Please pray IJN+ for USA & Freedom for all Christians, Jews and non-Sharia compliant Muslims around the world.Related Posts:
Rice dented Kerry should have gotten “Black Hearts” not Purple Hearts. This moronic SOS is surly not the “original” village idiot, but, he is one of the most treasonous, two faced traitors the USA has ever known and certainly should not have the ability to talk or confer with our enemies. Enjoy Gov. Huckabee’s candor, we did.
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People are angry and I mean REALLY angry right now. We need to find out who sponsors 60 Minutes and let their “people” know how we won’t be seeing their ads anymore. 60 minutes used to be the stand alone example of television investigative journalistic excellence that leaned ‘slightly left’ but yet still pursued the truth. Now. It’s a laughable propaganda arm of the Obama Imperialist’s Regime! Where is the mention of the THIRTY-THREE gagged witnesses that survived this nightmarish ordeal? Gagged by order of the POTUS himself? Where is the mention of the purposed attempt to deceive and thwart the public’s opinion for the sole purpose of having Obama’s false narrative live on that “al Qaeda is “on the run” we have defeated al Qaeda and they are greatly diminished. Really? According to the calculated admissions in this propaganda piece (apparently approved by the CIA, FBI, DHS, SOS and the POTUS) the administration had at least three months notice that al Qaeda was going to commit a terrorist attack on the diplomatic ‘special mission’. al Qaeda had announced that it was going to attack the Red Cross, The British and then the Americans in that order. And they did! Why was the security unarmed? Why were the US Troops told to stand down? Who issued that order? Who approved that order? Who knew? Where was the President. When did he know? And what did he know? We want real answers. If 60 Minutes won’t step up to the plate it leaves the spot open for us here at PushBackNow.com and USDefenceLeague.com We know that ‘We The People’ need truthful, factual, legitimate answers that make sense. God-willing, we will get answers, somehow, sometime, very soon. ~PBN
Below is the Transcript on Benghazi from CBS Sixty Minutes Airdate 10/27/2013:
Final script \\Studio: 10/27/13
Ride For The Constitution is VERY real and so is every participant who loves the USA enough to give something up for this vital Republic. The disinformation by the media is irrelevant, ignore it. True journalists investigate and then report their findings, it’s called news, not rumors.
The Truckers who could not make the trip for whatever reasons are not driving, other non-truckers are not shopping and are avoiding purchasing fuel or driving. We here at PBN and US Defence League ask you to join us in support of this effort to make a difference, to be heard seen and felt. We the People are the people who OWN and RUN this Government, it is for US, and controlled by US, not special interests, political elitists or the UN who Obama is attempting to surrender our Nations Soverignty over to. We have given life and freedom to the world, and we will not lay down or roll over what our forefather and fathers have fought bled and died for.
We the People are the most important part of our nations equation, if we’re not happy, no one will be getting anything in the future. It won’t be Shutdown DC it will be Shut Down America. Every legal voice here, every man woman and child who are not in prison or illegally present have rights, and We are The People who will be sure to #MakeDCListen. -~PBN
#T2SDA Related Posts:
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Washington DC WJLA 7, ABC – Truckers Ride for the Constitution [VIDEO]
Thousands Of Truckers Still Expected to Join #T2SDA FoxNewsDC [2 VIDEOS]
#T2SDA Support Video Share USA!!! #HammerDown #MakeDCListen #1MVetMarch #2MBikers #2MBikersDC #RideForTheConstitution
Truckers Convoy Ride For The Constitution Ready To Roll Out October 11th-13th
Lord bless every trucker and truckers family and all those people who detest evil and embrace America, every American around the world even those who want to be Americans because they recognize this countries uniqueness and Love for You Lord. We pray an anointing and protection for us all In Jesus’ precious and MIGHTY Name! Amen and amen.
#T2SDA – Truckers Ride for the Constitution aka Truckers to Shutdown America
#1MVetsMarch – 1 Million Vets March
#2MBikersDC – 2 Milllion Bikers to DC
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The sounds heard sounded a lot like gunshots according to witnesses and sight seers visiting the White House grounds outside the protective fence surrounding the White House. The secret service jumped into immediate action detaining the perpetrator who is a dark olive-skinned male in his early 30’s. He had been caught in the act of throwing firecrackers over the north fence line onto the White House front lawn.
END THE IRS NOW!
Carl Cameron told Bill O’Reilly that House Oversight Committee Chairman Darrell Issa (R-CA) has information that will move the IRS scandal up into the White House. The committee is meeting on Thursday.
“What he said to me today was make sure to watch tomorrow’s hearing because he’s going to present the evidence to prove it…. That he can get it right up all the way into the White House before it was all revealed.” -Carl Cameron
We also found out today that the IRS chief counsel’s office is involved in the targeting controversy.
At Least 292 Conservative Groups Were Targeted by the IRS
** At least 292 conservative groups targeted
** At least 5 pro-Israel groups targeted
** Constitutional groups targeted
** Groups that criticized Obama administration were targeted
** At least two pro-life groups targeted
** A Texas voting-rights group was targeted
** Conservative activists and businesses were targeted.
** At least 88 IRS agents were involved in the targeting scandal
** At least one conservative Hispanic group was targeted
partial source Gateway Pundit
[jwplayer config=”PBN” mediaid=”40272″]Dear USA, We have been saying all along what this article below is saying. The bare cold hard capital “T” Truth: Barack Hussein Obama is a terrorist. He is guilty of High Treason. His immediate arrest and that of his Islamic co-horts should commence immediately.
Our government was designed to be of The People, by The People and for The People. But the Obama administration has made nothing but mortal mistakes (intentional?) and a sickening mockery of Our Nation, Her Constitution and our Liberties. These impostors in congress and the White House have won favor with the sycophantic left wing media are using Islam and our own against us. This administration supports those who hate our people, loathe our liberty and are hell bent on destroying us physically and financially. -PBN