Donald Trump won't bail out Puerto RicoDonald Trump says Puerto Rico has "far far too much debt," and the U.S. government shouldn't bail out the island.
The presumptive Republican presidential nominee calls himself the "king of debt." His long career has included four bankruptcy filings by his companies. But he says Puerto Rico has gone too far and there's only one way out: cut spending.
"I wouldn't bail them out," Trump told CNN's Wolf Blitzer on Wednesday.
Puerto Rico is in crisis mode. It has run up $70 billion in debt, a staggering amount for an island of under 3.5 million people.
http://money.cnn.com/2016/05/07/investing/donald-trump-puerto-rico/index.html
