Page 18 - Debt Load News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> anthony: you don't really have much voice in your own destiny. >> laura: exactly you can only go to war. that's the only thing you can do with rights. >> anthony: puerto rico owes 75 billion dollars right now -- >> laura: 72. >> anthony: i don't see statehood. i don't see congress or senate ever, ever taking on a 72 billion dollar debt load. >> laura: exactly. >> anthony: especially for a lot of people who speak spanish. what's the way out of this? >> hermes: oh my god. [ laughter ] >> anthony: what about tourism? >> hermes: it's an industry of services to service the wealthy. and at the sa...

Paying off student at. >> the horse left already on this one and college costs. and the correlation is out of control and the fact that college costs are crazy and colleges have to be responsible, graduate still living with mom and dad, living in the basement, not getting jobs, colleges have to be responsible for helping these kids get jobs. >> the new year, covering this for so many years we kept thinking almost 1 trillion, we haven't seen taxpayer led bailout, not that we want to. >> looking at $1.4 trillion debt load, watch bubble burst, there were policies and solutions available to us, la...

>> laura: not anything -- >> anthony: you don't really have much voice in your own destiny. >> laura: exactly you can only go to war. that's the only thing you can do with rights. >> anthony: puerto rico owes 75 billion dollars right now -- >> laura: 72. >> anthony: i don't see statehood. i don't see congress or senate ever, ever taking on a 72 billion dollar debt load. >> laura: exactly. >> anthony: especially for a lot of people who speak spanish. what's the way out of this? >> hermes: oh my god. [ laughter ] >> anthony: what about tourism? >> hermes: it's an industry of services to service ...

States. >> it's kind of a half acid citizenship. can't vote for president. >> nor congress. >> or congress. you don't have really much voice in your own destiny. >> exactly. you can only go to war. that's the only thing that you can do with rights. >> right. but puerto rico owes, what, $75 billion right now? >> 72, yeah. >> 72. i don't see statehood -- i don't see congress ever taking on a $72 billion debt load. >> exactly. >> especially for a loft people who speak spanish. what's the way out of this? >> oh, my god. >> what about tourism? >> it's an industry of services. >> exactly. >> so serv...

It sounds good to people on the island. will puerto rico will need capital to rebuild and need access to the private markets and it will not do that if it defaults and wipes away all of the debt. plus, keep in mind, about 75% of that debt is held by moms and pops on the mainland who are, who own puerto rican debt through mutual funds and they're pensioners. it is not wall street. >> okay. fair enough. the, the debt load though is severe. going to be haircuts here for some of these lenders? >> oh, sure. i mean, they're already getting haircutted through this thing called permsso. washington ide...