After visiting Puerto Rico which had been devastated by the hurricanes, President Trump suggested that the island’s debt should be “wiped out”. Immediately, Wall Street went into a panic mode and the mainstream media spouted that a.) he can’t do it; b.) he doesn’t know what he’s talking about; and c.) Cabinet members are “walking back” his comments. But they all missed the most obvious point — which is that there is no way that Puerto Rico can pay back the debt! Trump is right, it must be written-off.