Comments by "Chris Nilsson" (@GenerationX1984) on "David Pakman Show" channel.

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  11. hey there Minimum wage on the island has little or nothing to do with the island's debt or poverty problem. Especially since Puerto Rico is a US colony and not a state or sovereign nation. (BTW, Australia has a much higher minimum wage than the US and it's doing great economically.) The US made it easy for the island of Puerto Rico's government to borrow by giving its bonds triple-tax-free status. The US made no effort to limit how much the island could borrow, though it had the power to do so. So the island's government did what many Democrat and GOP administrations in Washington have done. It borrowed to provide the services the voters wanted rather than raising taxes to pay for them. The US debt is no more sustainable than PR's debt. The difference is that the US can print all the dollars it wishes to pay back its debts, while PR cannot. Also, since Puerto Ricans are US citizens, the goal should be to raise the standard of living on the island to that of US states, not lower it to that of third world countries. That is a responsibility the US took on when it annexed the island without asking the permission of the people living there. This is clearly a borrowing problem and debt problem. Suggesting that a minimum wage increase (to the pathetically low federal min wage of $7.25 an hour) is the main source of the problem is a false correlation. If Puerto Rico gained statehood it wouldn't have this problem. Here are some minimum wage myths debunked by the Department of Labor. https://www.dol.gov/oasam/programs/history/reich/reports/pay.htm Who are you gonna believe? The department of labor or a fake news
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