Mon, 01 May 2006

Government Shutdown

Schools and government offices shut down in Puerto Rico today after the government ran out of money. We could only dream of such a favorable resolution to a bankrupt government here on the mainland. Puerto Rico, being a commonwealth of the US, can't just pass a law to increase the budget deficit and then print up money.

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The state is that great fiction by which everyone tries to live at the expense of everyone else. - Frederic Bastiat