Debt restructuring

Getting a new credit card to pay off the others.

broken-dollar-clock-21128541

How The US Government May Collapse

A good article on what is going down in Puerto Rico:

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.

http://www.anonymousconservative.com/blog/how-the-us-government-may-collapse

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About mobiuswolf

Aspiring writer of Zombie fiction.
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