[gthaman]

All kinds of excuses will be made to increase the taxes in this system where NO amount of money will add up to enough for this government.

New York City in particular has a MEDICAL ONLY section of its pension benefits for city employees that adds up to $100 Billion. Medical, only. Not including pension payouts.

Puerto Rico defaulted on $71 Billion worth of debt, which was all of it, just recently.

This reckoning that is on its way is going to be epic. Nothing in NYC government makes a profit or operates properly without gigantic losses and pathetic performance in every metric when compared to the past city performance.

This will be the Olympics of Mental Gymnastics.

[cerebellum42]

You might be entirely right for all I know, but your points don't actually support your claims...

Why _would_ a city government make a profit? It's a government after all, not a business.

Comparing Puerto Rico with a city with multiple times its inhabitants and many many times its economic power isn't exactly saying much either

[gizmo686]

NYC population: 8.6 million

Puerto Rico population: 3.3 million

NYC per capita GDP: 64000

Puero rico per capita GDP: 31000

Not to mention the brain drain from Puerto Rico, or there special status as an unicorporated territory (and resulting lack of political power)