NYT Editorial: Puerto Rico’s Last Chance

A huge crisis is looking ….. the solution is in the hands of the “Master”!!

Repeating Islands

An Editorial from The New York Times.

The fiscal crisis in Puerto Rico is also a humanitarian crisis. The Senate now has an opportunity — and the obligation — to address both. It is scheduled to vote on Wednesday on a bill already approved by the House that would restructure the island’s debts and could create the conditions for recovery.

If the bill loses, Puerto Rico will default on Friday on a $2 billion debt payment, creditors will keep suing for full repayment and essential services on the island, including health, sanitation, education, electricity, public transportation and public safety, will continue to decline.

Even so, the bill’s passage is in doubt. Senators in both parties have objected to the yes-or-no nature of the vote, saying they want to amend the bill. But amendments would likely kill the bill, in part because it passed the House only after negotiations and…

View original post 252 more words