There should be consequences for being fiscal irresponsible. There ain't no such thing as a free lunch. Both Texas and Florida were in much better shape to handle hurricane disasters because they have conservative governors and legislatures. Puerto Rico is an island of welfare queens, kind of like Illinois who also is near bankruptcy.
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I'm not excusing their legal debt. The main reason was "mismanagement" or in the colloquial;
criminal activity. It happens here in the US all the time but in the case of Puerto Rico, it's affects were devastating. They don't owe that money to the US government, but to the wall street banking firms. To that extent, let the banks rots in hell.
We had no problems in bailing out the banks when they made bad investments
But when Puerto Rico does it? Too bad Senor
It was wrong when that asshole Obama bailed out the banks. All government transfers like that are wrong. Welfare, entitlements, subsidies and bailouts.
By the way Moon Bat. The filthy ass government put pressure on the banks to make bad loans with the Democrat sponsored CRA. You know, give credit to minorities for socal justice reasons. Another stupid Liberal program that almost bankrupted the country. Most Liberal programs end in disaster, don't they?