Description Of Puerto Rico’s Debt Crisis Continued

Agree ….. ‘Puerto Rico is in agony because it is a colony” …. and the ‘master’ won’t let go!!

Gronda Morin

In the prior blog, I describe how Puerto Rico’s debt crisis has been building for over 10 years. I reported on the many factors which have conspired to where Puerto Rico now owes over $70 billion dollars to where they cannot pay their bills. Late in the day, the U.S. congress has stepped in to salvage this dire situation with the PROMESA Bill in June, 2016. (See link below for more information on the PROMESA BILL.) Most Puerto Ricans believe that this bill with its austerity measures and the control board’s focus on the island’s ability to make U.S. investors whole, will be at the expense of the well being of its peoples.

There are other important circumstances which have been contributing to Puerto Rico’s financial woes beyond what I detailed in the previous blog. (My Policy Wish List For USA, Part XIV (Fix Puerto Rico’s Debt Crisis).

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About Dr. Rex

I'm originally from Puerto Rico. I was born in Santurce and raised in Rio Piedras. Have lived in Florida since 1999. I have a doctorate degree in Medicine; completed in 1976. My Internal Medicine specialty was completed in 1979. Worked for Puerto Rico's health system until 1985. At this time, I'm happily retired after working for the federal government for almost 28yrs. I want to offer any knowledge that I have to anyone "out there" who is interested. My views are liberal in almost every sense. My knowledge is "eclectic" - a bit of everything. Music and reading are my passion. Blogging has also become a very interesting endeavor. Metaphysical topics attract me. I'm interested in news reporting human issues like injustice, discrimination and abuse - the "wrongly" affected. My intention is to bring this knowledge to an understandable level and to help anyone in need. I'm open to questions and will answer them to the best of my ability. Currently working on an enterprise whose main mission will be to bring peoples of all walks of life together. To be one .... since we ALL are ONE!! The future looks bright and promising!!!

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