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lxm on May 4, 2017 | parent | context | favorite | on: Puerto Rico files for biggest ever U.S. local gove...

Those people are not stuck with the bankrupt startup for the rest of their lives. The same cannot be said about Puerto Ricans.

throwaway2048 on May 4, 2017 [–]

Being stuck with crippling debt that destroys GDP faster than it can be repaid (leading to a deflationary spiral that makes it impossible to EVER pay your debt) is a massively worse alternative, which you are also stuck with the rest of your life.

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