Puerto Rico files for biggest ever U.S. local government bankruptcy

Re:Puerto Rico files for biggest ever U.S. local government ... by nopinsight on Wednesday May 03, 2017 @05:06PM (#14260087)

Unless the brinks of defaults will happen in close successions in > 20-30% of the country, what are the incentives for MPs to vote yes on the backstopping for jurisdictions far from their own?

> Reform will not happen. That's code for "cutting benefits".

The benefits to be cut will happen in a few small areas given the size of the US, thus will not affect the majority of lawmakers. If the GOP controls the Congress, that doesn't seem like a large enough impact for them to change their overall ideology towards pension subsidies.

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Re:Puerto Rico files for biggest ever U.S. local government ... by roywiggins on Wednesday May 03, 2017 @05:13PM (#14260154)

> what are the incentives for MPs to vote yes on the backstopping to jurisdictions far from their own?

Stick it in an omnibus bill with stuff they do like?

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