Getting a new credit card to pay off the others.
The U.S. Treasury Department on Thursday warned of a potential government shutdown in Puerto Rico and lengthy litigation if Congress doesn’t approve a debt restructuring plan for the U.S. territory soon.
Antonio Weiss, counselor to the U.S. Treasury secretary, issued the warning as House Republicans held hearings in Washington during a final push to address the island’s failing economy…
“There is no room for error in this economy,” he said. “The government remains open only because the governor authorized more than $1 billion in onerous and unsustainable emergency liquidity actions.”
Bear in mind, the US has no massive, financially superior organization above it to save it.