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DanS
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Joined: 11/04/03
Posts: 1215
Loc: New Jersey, USA
$6.5B Debt for 100K Residents of Virgin Islands
      #1736625 - 06/26/17 12:43 PM (204.9.57.138)

Sounds like the USVI government is facing a serious fiscal challenge:

After Puerto Rico’s Debt Crisis, Worries Shift to Virgin Islands

Dan


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Twanger
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Joined: 06/03/04
Posts: 5971
Loc: Maryland
Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: DanS]
      #1736659 - 06/26/17 04:41 PM (50.193.144.241)

Roughly the same as the National Debt for the US.

$20T/400M = $50,000

$6.5B/100K = $65,000


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HillsideView
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Joined: 03/09/08
Posts: 8481
Loc: Ya never know...
Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: Twanger]
      #1736666 - 06/26/17 06:35 PM (71.53.20.94)

USVI heading down the crapper soon. Might be easier to give them back to Denmark.

--------------------
My foot fits right into my shoe and my shoe will fit right into your...


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sail2wind
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Joined: 12/09/05
Posts: 10106
Loc: GJ, CO S/V Long Overdue
Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: HillsideView]
      #1736672 - 06/26/17 08:16 PM (184.166.21.62)

and get free health care?

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DanS
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Joined: 11/04/03
Posts: 1215
Loc: New Jersey, USA
Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: DanS]
      #1736680 - 06/26/17 09:05 PM (173.239.216.13)

And for an alternate point of view:

Barbadian Economist Says U.S. Virgin Islands On Track To Fiscal Stability

Dan


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wilsonck
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Joined: 07/22/13
Posts: 533
Loc: Florida
Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: Twanger]
      #1737294 - 07/04/17 08:48 PM (73.148.207.131)

Except the population of the USA is 321 million, not 400.

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sail445
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Joined: 07/09/08
Posts: 2098
Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: wilsonck]
      #1738280 - 07/11/17 04:03 PM (107.72.162.115)

I'm sure Twanger estimated the illegal and refugees in the 400 figure.

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aarpskier
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Joined: 04/09/14
Posts: 161
Loc: Rockford, Michigan
Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: wilsonck]
      #1738358 - 07/12/17 11:38 AM (97.91.61.135)

Quote:

wilsonck said:
Except the population of the USA is 321 million, not 400.




VI: $6.5B / 100K = $65,000
2013 GDP / person= $36,000

US: $20T / 320M = $62,500
2013 GDP / person= $52,500


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mattwill
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Joined: 06/15/17
Posts: 12
Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: aarpskier]
      #1738773 - 07/16/17 07:19 PM (68.44.200.71)

I know this will come as a shock, but the island has a spending problem not a revenue problem.

The per person revenue from local and state taxes is $5,000 per person average in the United States. This year the island will take in 900 million dollars. That comes to $9,000 per person.

I haven't visited yet. My trip is scheduled for later this year. Given all that money, I imagine the streets are lined in gold.

If not gold streets, will I see massive infrastructure like New York City or Washington DC or Los Angeles?

If not, where has all the money gone? Plus there seems to be a lot of borrowing going on.


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