Austerity measures for a country already in financial troubles …. Who really pays? The people …. profits for the rich!! What else is new??
This video says about itself:
Puerto Rican Austerity Measures Target Public Education
5 August 2015
Public education in Puerto Rico will be reeling under the harsh austerity measures adopted by the island’s government. Even though per capita spending on education is 20% less than in the continental U.S., mass layoffs of teachers and closing of schools is being contemplated. If this occurs, it will increase the gap between private and public education. However, mass protests can be expected against such measures. teleSUR interviews San Francisco-based Puerto Rican educator David Diaz Muñoz.
By Rafael Azul:
More austerity for Puerto Rico
31 October 2015
Puerto Rico’s debt crisis poses the real threat of a “humanitarian crisis” according to testimony delivered on Thursday October 22 by US Treasury Department council, Antonio Weiss.
Weiss made the warning over the crisis in Washington’s Caribbean island colony in testimony to the Senate Committee on…
View original post 1,126 more words
They are austerity measures imposed by lenders, and given the go-signal by governments where the lenders are based. The dilemma is how does Puerto Rico solve the problem…. unless they reneged on payments, and we all know how that works. The leaders who borrowed these monies were supposed to put the money in good use, that is, for the betterment of the people. I bet you some of that went into their pockets.
LikeLiked by 1 person
You are so correct! A LOT of it went into the pockets!! Sad for PR …. now, the solutions are very elusive!
LikeLike