--- title: "Meaning & Key Takeaway of: Puerto Rico is a government that is…" description: "\"Puerto Rico is a government that is spending money that it doesn't have. What's coming in and what's going out don't match. That is, what they are rece..." image: "https://sms4smile.com/quotes/i/81f/marco-rubio-355_asking_puerto-rico-is-a-government-that-is-spen_425546.jpg" --- # Puerto Rico is a government that is spending money that it… ![“Puerto Rico is a government that is spending money that it doesn't have. What's coming in and what's going out don't match. That is, what they are receiving in taxes is not sufficient to cover the spending that they are taking on. And any entity that does that, whether a family, a business, a…” quote by Marco Rubio](https://sms4smile.com/quotes/i/81f/marco-rubio-355_asking_puerto-rico-is-a-government-that-is-spen_425546.jpg) [Download](https://sms4smile.com/quotes/i/81f/marco-rubio-355_asking_puerto-rico-is-a-government-that-is-spen_425546.jpg) [Open image](https://sms4smile.com/quotes/i/81f/marco-rubio-355_asking_puerto-rico-is-a-government-that-is-spen_425546.jpg) > “Puerto Rico is a government that is spending money that it doesn't have. What's coming in and what's going out don't match. That is, what they are receiving in taxes is not sufficient to cover the spending that they are taking on. And any entity that does that, whether a family, a business, a government, is going to go broke and bankrupt. They are asking to be given the right to declare bankruptcy, which I think should be an option, as a last resort, if there is no other resource.” [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Overspending without sufficient revenue leads to insolvency; bankruptcy should be a last‑resort option. **In simple terms:** Spending exceeds income, causing bankruptcy risk. Key Takeaway Consider bankruptcy as a final safeguard. Themes finance government budgeting bankruptcy policy Mood concerned analytical Type policy economic When to use this quote - municipal budgeting - state finance - tax policy - debt management Key Concepts fiscal responsibility public debt economic sustainability Questions to Reflect On - How can fiscal reforms prevent bankruptcy? - What alternatives exist before declaring bankruptcy? A Different Perspective Bankruptcy may not solve underlying structural deficits. ★ ★ ★ ★ ★ No ratings yet [Asking](https://sms4smile.com/quotes/about/asking/) [Bankrupt Asking](https://sms4smile.com/quotes/about/bankrupt-asking-3762498/) [Bankruptcy](https://sms4smile.com/quotes/about/bankruptcy/) [Bankruptcy Think](https://sms4smile.com/quotes/about/bankruptcy-think-3762499/) [Broke](https://sms4smile.com/quotes/about/broke/) [Declare Bankruptcy](https://sms4smile.com/quotes/about/declare-bankruptcy-2019824/) [Doe](https://sms4smile.com/quotes/about/doe/) [Entity](https://sms4smile.com/quotes/about/entity/) [Given](https://sms4smile.com/quotes/about/given/) [Going out](https://sms4smile.com/quotes/about/going-out/) [Government](https://sms4smile.com/quotes/about/government/) [Ifs](https://sms4smile.com/quotes/about/ifs/) [Last resort](https://sms4smile.com/quotes/about/last-resort/) [Lasts](https://sms4smile.com/quotes/about/lasts/) [Money](https://sms4smile.com/quotes/about/money/) [Politics](https://sms4smile.com/quotes/about/politics/) [Puerto rico](https://sms4smile.com/quotes/about/puerto-rico/) [Receiving](https://sms4smile.com/quotes/about/receiving/) [Resorts](https://sms4smile.com/quotes/about/resorts/) [Resources](https://sms4smile.com/quotes/about/resources/) [Rico](https://sms4smile.com/quotes/about/rico/) [Rico Government](https://sms4smile.com/quotes/about/rico-government-3762497/) [Should](https://sms4smile.com/quotes/about/should/) [Spending](https://sms4smile.com/quotes/about/spending/) [Spending money](https://sms4smile.com/quotes/about/spending-money/) [Sufficient](https://sms4smile.com/quotes/about/sufficient/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Thinking](https://sms4smile.com/quotes/about/thinking/) ## Related quotes > [On one level, going bust didn't bother me. It was the 80s, and there wasn't the stigma about bankruptcy that you might think. My…](https://sms4smile.com/quotes/simon-cowell/on-one-level-going-bust-didn-t-bother-me-it-was-the-80s-and-there/) [Simon Cowell](https://sms4smile.com/quotes/author/simon-cowell/) > [If a company can declare bankruptcy, why can't a country do so?](https://sms4smile.com/quotes/pope-francis/if-a-company-can-declare-bankruptcy-why-can-t-a-country-do-so/) [Pope Francis](https://sms4smile.com/quotes/author/pope-francis/) > [When I became CEO of Xerox 10 years ago, the company's situation was dire. Debt was mounting, the stock sinking and bankers were calling.…](https://sms4smile.com/quotes/anne-m-mulcahy/when-i-became-ceo-of-xerox-10-years-ago-the-company-s-situation-was/) [Anne M. Mulcahy](https://sms4smile.com/quotes/author/anne-m-mulcahy/) > [“In America,” I said, “if you can’t pay back a loan, you declare bankruptcy and that’s the end of it.”](https://sms4smile.com/quotes/cleo-odzer/in-america-i-said-if-you-can-t-pay-back-a-loan-you-declare-bankruptcy/) [Cleo Odzer](https://sms4smile.com/quotes/author/cleo-odzer/) > [We are getting thousands and thousands of professionals, very highly-trained people, from Puerto Rico who are now living in Florida, and who have obviously…](https://sms4smile.com/quotes/marco-rubio/we-are-getting-thousands-and-thousands-of-professionals-very-highly/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [ \[Puerto Rico\] losing not just taxpayers, but professionals, people who are vital to their communities. I don't think that is good. So undoubtedly, if… ](https://sms4smile.com/quotes/marco-rubio/puerto-rico-losing-not-just-taxpayers-but-professionals-people-who/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [I think crisis starts with the government of Puerto Rico. It has to take measures to solve the fiscal problems that it has, which…](https://sms4smile.com/quotes/marco-rubio/i-think-crisis-starts-with-the-government-of-puerto-rico-it-has-to/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [I'm always talking about the issue of Puerto Rico.I also spoke about it on the Senate floor, and I think it should be given…](https://sms4smile.com/quotes/marco-rubio/i-m-always-talking-about-the-issue-of-puerto-rico-i-also-spoke-about/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [ They \[ the government of Puerto Rico\] are asking to be given the right to declare bankruptcy, which I think should be an option,… ](https://sms4smile.com/quotes/marco-rubio/they-the-government-of-puerto-rico-are-asking-to-be-given-the-right/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [Actually, I am asking for this: for something to be done. I think that if it had been one of the 50 states, something…](https://sms4smile.com/quotes/marco-rubio/actually-i-am-asking-for-this-for-something-to-be-done-i-think-that/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [You want a lesson? I'll give you a lesson. How about a geography lesson? My father's from Puerto Rico. My mother's from El Salvador.…](https://sms4smile.com/quotes/jennifer-esposito/you-want-a-lesson-i-ll-give-you-a-lesson-how-about-a-geography-lesson/) [Jennifer Esposito](https://sms4smile.com/quotes/author/jennifer-esposito/) > [I had such a great upbringing in Puerto Rico, and it was just a very normal life.](https://sms4smile.com/quotes/roselyn-sanchez/i-had-such-a-great-upbringing-in-puerto-rico-and-it-was-just-a-very/) [Roselyn Sanchez](https://sms4smile.com/quotes/author/roselyn-sanchez/) > [We are a possession of the United States. Congress has full authorization power over Puerto Rico.](https://sms4smile.com/quotes/ricardo-rossello/we-are-a-possession-of-the-united-states-congress-has-full/) [Ricardo Rossello](https://sms4smile.com/quotes/author/ricardo-rossello/) > [I represent the streets of Puerto Rico around the world.](https://sms4smile.com/quotes/anuel-aa/i-represent-the-streets-of-puerto-rico-around-the-world/) [Anuel AA](https://sms4smile.com/quotes/author/anuel-aa/) > [When you have the Chief of Staff of the Republican National Committee and the political director of the Romney campaign, and their two companies…](https://sms4smile.com/quotes/patrick-caddell/when-you-have-the-chief-of-staff-of-the-republican-national-committee/) [Patrick Caddell](https://sms4smile.com/quotes/author/patrick-caddell/) ## More by Marco Rubio > [Conservatism is not about leaving people behind. Conservatism is about empowering people to catch up, to give them the tools at their disposable that…](https://sms4smile.com/quotes/marco-rubio/conservatism-is-not-about-leaving-people-behind-conservatism-is-about/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [However, however, if the goal is to abandon America's free enterprise economy, if the goal is to convert America into a submissive member of…](https://sms4smile.com/quotes/marco-rubio/however-however-if-the-goal-is-to-abandon-america-s-free-enterprise/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [The president we have today is a typical Washington politician that's prone to hyperbole and decisiveness and false outrage. And I think it's very…](https://sms4smile.com/quotes/marco-rubio/the-president-we-have-today-is-a-typical-washington-politician-that-s/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [Donald Trump is not going to be the nominee, because we are not going to allow - people will wake up and we're not…](https://sms4smile.com/quotes/marco-rubio/donald-trump-is-not-going-to-be-the-nominee-because-we-are-not-going/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [My first job paid well for a young attorney. I was making over $50,000, which was more than either of my parents had ever…](https://sms4smile.com/quotes/marco-rubio/my-first-job-paid-well-for-a-young-attorney-i-was-making-over-50-000/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [My dad was a bartender. My mom was a cashier, a maid and a stock clerk at K-Mart. They never made it big. They…](https://sms4smile.com/quotes/marco-rubio/my-dad-was-a-bartender-my-mom-was-a-cashier-a-maid-and-a-stock-clerk/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [Now, look, it's true, Americans do want leaders that will come to Washington, D.C. and work together to get things done, but that comes…](https://sms4smile.com/quotes/marco-rubio/now-look-it-s-true-americans-do-want-leaders-that-will-come-to/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [I have been an underdog my whole life, both in life and in politics. We're going to do well. We're going to pick up…](https://sms4smile.com/quotes/marco-rubio/i-have-been-an-underdog-my-whole-life-both-in-life-and-in-politics-we/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [Certainly being governor is an important job](https://sms4smile.com/quotes/marco-rubio/certainly-being-governor-is-an-important-job/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [The conservative movement is about government playing its important yet limited role, and about not falling into the trap of believing that every problem…](https://sms4smile.com/quotes/marco-rubio/the-conservative-movement-is-about-government-playing-its-important/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [The greatest thing that we can do for the world is be America.](https://sms4smile.com/quotes/marco-rubio/the-greatest-thing-that-we-can-do-for-the-world-is-be-america/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [Our people want jobs. They don't want a safety net as a way of life.](https://sms4smile.com/quotes/marco-rubio/our-people-want-jobs-they-don-t-want-a-safety-net-as-a-way-of-life/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [I believe that every single human being is entitled to the protection of our laws, whether they can vote or not. Whether they can…](https://sms4smile.com/quotes/marco-rubio/i-believe-that-every-single-human-being-is-entitled-to-the-protection/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [I don't measure success by how many buildings have my name on it.](https://sms4smile.com/quotes/marco-rubio/i-don-t-measure-success-by-how-many-buildings-have-my-name-on-it/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [Any time you can degrade or take away the top leadership of an organization, it's a positive step forward.](https://sms4smile.com/quotes/marco-rubio/any-time-you-can-degrade-or-take-away-the-top-leadership-of-an/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) [Explore all 649 Marco Rubio quotes ](https://sms4smile.com/quotes/author/marco-rubio/) ## More Asking quotes > [Why did Erich von Stronheim leave Germany? Why did Hitchcock leave England? If you were a director you'd like to work in Hollywood too.…](https://sms4smile.com/quotes/roman-polanski/why-did-erich-von-stronheim-leave-germany-why-did-hitchcock-leave/) [Roman Polanski](https://sms4smile.com/quotes/author/roman-polanski/) > [And in your new lives you'll have to live entirely for that one sensation-that of imminent truth. And you're going to have to holler…](https://sms4smile.com/quotes/douglas-coupland/and-in-your-new-lives-you-ll-have-to-live-entirely-for-that-one/) [Douglas Coupland](https://sms4smile.com/quotes/author/douglas-coupland/) > [“Stop asking yourself how or why and tell yourself you can." - Charmainism”](https://sms4smile.com/quotes/charmaine-smith-ladd/stop-asking-yourself-how-or-why-and-tell-yourself-you-can-charmainism/) [Charmaine Smith Ladd](https://sms4smile.com/quotes/author/charmaine-smith-ladd/) > [Closing his eyes, he sent up a prayer to anyone who was listening, asking please, for God's sake, stop sending him signals that they…](https://sms4smile.com/quotes/j-r-ward/closing-his-eyes-he-sent-up-a-prayer-to-anyone-who-was-listening/) [J.R. Ward](https://sms4smile.com/quotes/author/j-r-ward/) > [People will identify with a persecuted minority without asking themselves what they are identifying with.](https://sms4smile.com/quotes/hilary-mantel/people-will-identify-with-a-persecuted-minority-without-asking/) [Hilary Mantel](https://sms4smile.com/quotes/author/hilary-mantel/) > [If you're having a bad day already and everybody is just asking you petty questions, it drives people to the edge, or something really…](https://sms4smile.com/quotes/jess-weixler/if-you-re-having-a-bad-day-already-and-everybody-is-just-asking-you/) [Jess Weixler](https://sms4smile.com/quotes/author/jess-weixler/) > [You never give away your heart; you lend it from time to time. If it were not so, how could we take it back…](https://sms4smile.com/quotes/jeanette-winterson/you-never-give-away-your-heart-you-lend-it-from-time-to-time-if-it/) [Jeanette Winterson](https://sms4smile.com/quotes/author/jeanette-winterson/) > [I'm not asking people to feel sorry for me.](https://sms4smile.com/quotes/jack-abramoff/i-m-not-asking-people-to-feel-sorry-for-me/) [Jack Abramoff](https://sms4smile.com/quotes/author/jack-abramoff/) > [The boldness of asking deep questions may require unforeseen flexibility if we are to accept the answers.](https://sms4smile.com/quotes/brian-greene/the-boldness-of-asking-deep-questions-may-require-unforeseen/) [Brian Greene](https://sms4smile.com/quotes/author/brian-greene/) > [Use Google Before Asking A Stupid Question.](https://sms4smile.com/quotes/muskaan/use-google-before-asking-a-stupid-question/) [Muskaan](https://sms4smile.com/quotes/author/muskaan/) > [There were people asking 'Can women be funny?' People still ask that. It's like asking: 'Can women breathe in and out?'](https://sms4smile.com/quotes/julie-walters/there-were-people-asking-can-women-be-funny-people-still-ask-that-it/) [Julie Walters](https://sms4smile.com/quotes/author/julie-walters/) > [Whether that's speaking up in your job or asking for a promotion or saying, 'I think I can do that.' Using your voice in…](https://sms4smile.com/quotes/maria-shriver/whether-that-s-speaking-up-in-your-job-or-asking-for-a-promotion-or/) [Maria Shriver](https://sms4smile.com/quotes/author/maria-shriver/) > [Love cannot be had for the asking; it comes only as a gift from the heart of another](https://sms4smile.com/quotes/paramahansa-yogananda/love-cannot-be-had-for-the-asking-it-comes-only-as-a-gift-from-the/) [Paramahansa Yogananda](https://sms4smile.com/quotes/author/paramahansa-yogananda/) > [The Baseball Hall of Fame is something every player dreams about, but being a member of God's Hall of Fame is the greatest achievement…](https://sms4smile.com/quotes/gary-carter/the-baseball-hall-of-fame-is-something-every-player-dreams-about-but/) [Gary Carter](https://sms4smile.com/quotes/author/gary-carter/) > [“In such a regime, I say you died a good death if your life had inspired someone to come forward and shoot your murdered…](https://sms4smile.com/quotes/chinua-achebe/in-such-a-regime-i-say-you-died-a-good-death-if-your-life-had/) [Chinua Achebe](https://sms4smile.com/quotes/author/chinua-achebe/) [Browse all 3,313 Asking quotes ](https://sms4smile.com/quotes/about/asking/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Puerto Rico is a government that is spending money that it doesn't have. What's coming in and what's going out don't match. That is, what they are receiving in taxes is not sufficient to cover the spending that they are taking on. And any entity that does that, whether a family, a business, a government, is going to go broke and bankrupt. 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