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