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$6.5B Debt for 100K Residents of Virgin Islands #133765
06/26/2017 12:43 PM
06/26/2017 12:43 PM
Joined: Nov 2003
Posts: 1,421
New Jersey, USA
DanS Offline OP
Traveler
DanS  Offline OP
Traveler
Joined: Nov 2003
Posts: 1,421
New Jersey, USA
Sounds like the USVI government is facing a serious fiscal challenge:

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

Dan

BVI Sponsors
Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: DanS] #133766
06/26/2017 04:41 PM
06/26/2017 04:41 PM
Joined: Jun 2004
Posts: 6,100
Maryland
Twanger Offline
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Twanger  Offline
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Posts: 6,100
Maryland
Roughly the same as the National Debt for the US.

$20T/400M = $50,000

$6.5B/100K = $65,000

Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: Twanger] #133767
06/26/2017 06:35 PM
06/26/2017 06:35 PM
Joined: Mar 2008
Posts: 8,530
Ya never know...
HillsideView Offline
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HillsideView  Offline
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Joined: Mar 2008
Posts: 8,530
Ya never know...
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...
Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: HillsideView] #133768
06/26/2017 08:16 PM
06/26/2017 08:16 PM
Joined: Dec 2005
Posts: 10,213
GJ, CO S/V Long Overdue
sail2wind Offline
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sail2wind  Offline
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GJ, CO S/V Long Overdue
and get free health care? <img src="http://www.traveltalkonline.com/forums/images/graemlins/toast.gif" alt="" /> <img src="http://www.traveltalkonline.com/forums/images/graemlins/toast.gif" alt="" />

Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: DanS] #133769
06/26/2017 09:05 PM
06/26/2017 09:05 PM
Joined: Nov 2003
Posts: 1,421
New Jersey, USA
DanS Offline OP
Traveler
DanS  Offline OP
Traveler
Joined: Nov 2003
Posts: 1,421
New Jersey, USA

Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: Twanger] #133770
07/04/2017 08:48 PM
07/04/2017 08:48 PM
Joined: Jul 2013
Posts: 837
Florida
W
wilsonck Offline
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wilsonck  Offline
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Joined: Jul 2013
Posts: 837
Florida
Except the population of the USA is 321 million, not 400.

Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: wilsonck] #133771
07/11/2017 04:03 PM
07/11/2017 04:03 PM
Joined: Jul 2008
Posts: 3,003
S
sail445 Offline
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sail445  Offline
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S
Joined: Jul 2008
Posts: 3,003
I'm sure Twanger estimated the illegal and refugees in the 400 figure.

Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: wilsonck] #133772
07/12/2017 11:38 AM
07/12/2017 11:38 AM
Joined: Apr 2014
Posts: 304
Rockford, Michigan
aarpskier Offline
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aarpskier  Offline
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Joined: Apr 2014
Posts: 304
Rockford, Michigan
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

Re: $6.5B Debt for 100K Residents of Virgin Islands [Re: aarpskier] #133773
07/16/2017 07:19 PM
07/16/2017 07:19 PM
Joined: Jun 2017
Posts: 21
mattwill Offline
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mattwill  Offline
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Joined: Jun 2017
Posts: 21
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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