Comments on: In latest blow, US’s largest bank, JP Morgan urges pullback on Costa Rica bonds

By: Ken Morris

Ken Morris — Tue, 19 May 2015 03:14:00 +0000

It looks like the staffers at JP Morgan nailed it. The PAC isn’t powerful enough to push through fiscal reform on its own, and the PLN-led opposition in the Legislative Assembly doesn’t want fiscal reform now. It only wants to destroy the PAC and win the next election, so will oppose any compromise that gives the PAC any of the credit. It’s a political stalement led by legislators wealthy enough to personally survive a meltdown.

The question is whether there is any solution, and JP Morgan staffers may be right that there isn’t. At this point the policy solutions proposed in the other posts are irrelevant. It doesn’t matter what solutions are best, what matters is that the PLN in particular doesn’t want to agree to any solutions.

Then the question becomes what happens next, and the answer doesn’t look good–unless you’re in the PLN and planning to run for election.

By: prdatki

prdatki — Mon, 18 May 2015 19:19:00 +0000

First the Government has to cut all benefits to Elected and Appointed officials, Jail the last two presidents and take all of there assets.No retirment pay to ex Judes and Congress. Tax Churches ,legalize Marijuana and tax it .The money should go for education. Get rid of mandatory CAJA payments and do a audit of the entire Government.

By: Yeims

Yeims — Mon, 18 May 2015 17:47:00 +0000

The government must reduce or preferably cut many programs that simply are not productive and some even unneeded. Raising taxes is not an option because the majority of citizens are already taxed to the max. Then, after cutting out the real deadwood, all government employees need to either become productive individually and as a team, or be let go.