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The THREAT to allow default may have been directed at the Baupost Group. Give them heartburn while they are having lunch. After all they were led by a big contributor to Hillary and said nasty things about T. A way of saying "If the opportunity arises you will REALLY get screwed if I have anything to say about it."

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 5th, 2017 at 04:05:29 AM EST
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A "threat" by Trump is implausible. A "threat" by US Congress is actionable. That's the way this world turns, regardless of hysterical press headlines.

Yesterday's VOA/NPR reaction, for example, to Trump's one-liner was ridiculous, nothing but assurances that Trump cannot unilaterally "wipe that out," PR debt.

EX.A Trump's Remarks About Erasing Puerto Rico's Debt Jolt The Markets LISTEN

...The president appeared to walk that back ...

US press response is ridiculous, not only because Enemy of the People piled its story of his DEPOTISM, NEPOTISM, & TYRANNY into a corner from which there is no logical exit; The likelihood of these paid pubic intellectuals finally admitting, Trump alone is not responsible for US gov predicaments, is nil; and "our" assets are sacrosanct.


Diversity is the key to economic and political evolution.

by Cat on Thu Oct 5th, 2017 at 01:46:39 PM EST
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 - "A "threat" by Trump is implausible. A "threat" by US Congress is actionable. That's the way this world turns, regardless of hysterical press headlines."

Well, it takes both in a lot of cases, and then it has to get past the judiciary. But there are instances in which executive discretion can be a worry: waiving the Jones Act and declaring national emergencies being two recent and obvious examples. And then there is prosecutorial discretion. In this case the Attorney General reports to the president, but we can be comforted that most attorneys general will feel considerable constraint from the actual law. And that may or may not apply to Jeff Sessions - depending...


"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 5th, 2017 at 01:59:42 PM EST
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just no. Stop with the mental gymnastics, you'll only end up where I started. Trump cannot unilaterally extinguish PR debt. There is no will in US Congress to extinguish PR debt. And PR has no authority to extinguish its debts that can be found in USC (cited above).


Diversity is the key to economic and political evolution.
by Cat on Thu Oct 5th, 2017 at 02:34:15 PM EST
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True that he cannot unilaterally extinguish PR debt. But he could do a lot of other things. That was what I was saying. A mobster might not be able to send one to jail, but there are a lot of alternative actions they could take.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Oct 6th, 2017 at 04:36:19 AM EST
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Diversity is the key to economic and political evolution.
by Cat on Thu Oct 5th, 2017 at 02:44:49 PM EST
[ Parent ]

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