entire situation puerto rico remind bailouts financial industry like big fail mantra hear financial crisis obama already send task force assess situation end yes might one big fail situations really afford obama gon na happen gov alejandro garcia padilla hop defer debt payments negotiate creditors much detroit force governor warn puerto rico pay 72 billion public debt international economists release critical report island economy deliver another jolt recession-gripped u.s. island well world financial system already worry greece collapse finances.gov alejandro garcia padilla hop defer debt payments negotiate creditors spokesman jesus manuel ortiz say sunday night detroit force make similar move help emergency manager kevyn orr go try dig atlantic city financial hole.by comparison note cnn detroit shed billion debt course attempt turn financial ship around puerto rico state-owned power company prepa billion red.garcia expect air pre-recorded televise address legislators continue debate 9.8 billion budget call 674 million cut set aside 1.5 billion help pay debt budget approve tuesday ortiz confirm comment padilla appear report new york time publish late sunday option would love easy option politics math garcia quote say times.puerto rico bond popular u.s. mutual fund tax-free hedge fund distressed-debt buyers begin step buy debt island economy worsen credit rat drop garcia comment likely much impact wall street say economist jose villamil former u.n. consultant ceo economic plan consult firm market clear puerto rico head direction restructure default say economist add voluntary restructure bondholders might best option last four administrations kick road say villamil point kick go take strict measure profound measure go hurt way read daily mail puerto rico next detroit