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Re:Puerto Rico files for biggest ever U.S. local government ... by bnolsen on Thursday May 04, 2017 @12:02AM (#14262359)
And the politicians who make the decisions to run up the debt have zero skin in the game. They just get to spend other people's money. In many cases it goes out the door as political payoffs for getting votes.
Re:Puerto Rico files for biggest ever U.S. local government ... by gnode on Thursday May 04, 2017 @08:25AM (#14264272)
Yet the people elected them instead of someone pledging austerity and higher taxes.