Tag Archives: benefits

FOMB: Incentivised-retirement bill is inconsistent with fiscal plan

Puerto Rico has way too many government workers relative to the size of the overall population in PR.  The difficult decision must be made to rightsize and reduce the employment levels. FOMB: Incentivised-retirement bill is inconsistent with fiscal plan FOMB: … Continue reading

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How Socialism Destroyed Puerto Rico, and How Capitalism Can Save It

https://finance.townhall.com/columnists/peterschiff/2015/07/16/how-socialism-destroyed-puerto-rico-and-how-capitalism-can-save-it-n2025956 How Socialism Destroyed Puerto Rico, and How Capitalism Can Save It Peter Schiff | Posted: Jul 16, 2015 12:01 AM While Greece is now dominating the debt default stage, the real tragedy is playing out much closer to home, … Continue reading

Posted in +best, most popular posts about Puerto Rico, culture and cycle of dependency, incompetence and mismanagement, minimum wage laws are harmful to society, Puerto Rico > Venezuela > Socialism, Puerto Rico necessary improvements, Puerto Rico politics and government, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , , , , | Leave a comment

Concerns grow as Puerto Rico to spend $2B to fight COVID-19

$2 billion divided into an estimated 3.1 million people living in Puerto Rico equals $645 per person.  Yet, of course, not everyone will receive $645 directly, as some receive far more and some receive nothing. https://www.dailymail.co.uk/wires/ap/article-8320763/Concerns-grow-Puerto-Rico-spend-2B-fight-COVID-19.html Concerns grow as Puerto … Continue reading

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Even before Hurricane Maria hit, Puerto Rico was a mess

https://www.economist.com/news/united-states/21730432-even-hurricane-maria-hit-it-was-mess-story-puerto-ricos-power-grid Even before Hurricane Maria hit, it was a mess Oct 19th 2017 | SALINAS IN A room beneath the smokestacks of the Aguirre steam plant in south-eastern Puerto Rico, an engineer points to a colourful poster entitled “How Electricity … Continue reading

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Puerto Ricans who can’t speak English qualify as disabled for Social Security

https://www.washingtonpost.com/news/federal-eye/wp/2015/04/10/puerto-ricans-who-cant-speak-english-qualify-as-disabled-for-social-security Puerto Ricans who can’t speak English qualify as disabled for Social Security By Josh Hicks April 10, 2015 Hundreds of Puerto Rico’s residents qualified for federal disability benefits in recent years because they lacked fluency in English, according to government auditors. … Continue reading

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Puerto Ricans Face ‘Sacrifice Everywhere’ on an Insolvent Island

https://www.nytimes.com/2017/05/06/us/puerto-rico-insolvency-business-owners-anxiety.html Puerto Ricans Face ‘Sacrifice Everywhere’ on an Insolvent Island By FRANCES ROBLES MAY 6, 2017 Workers at the Río Piedras terminal in San Juan, Puerto Rico, face waning business. Transportation businesses have been hurt by the economic crisis as … Continue reading

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P.R. ranks dead last in fiscal solvency among U.S. states

P.R. ranks dead last in fiscal solvency among U.S. states Written by Michelle Kantrow  //  June 2, 2016  //  Economy A study by the Mercatus Center at George Mason University released Wednesday showed that on the basis of its fiscal … Continue reading

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Puerto Rico Church Strips Teachers of Pension Amid Crisis

What could happen when your government overspends, is in debt?  Pensions cut to ZERO.  With the USA Federal Government debt approaching $20 trillion and the excessive benefits paid out, the current system is unsustainable.   It’s already happening in Puerto Rico.  … Continue reading

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1/3 Population of Puerto Rico Gets Food Stamps–$2 Billion in 2012 – welfare for Puerto Ricans

http://cnsnews.com/news/article/13-population-puerto-rico-gets-food-stamps-2-billion-2012 1/3 Population of Puerto Rico Gets Food Stamps–$2 Billion in 2012 May 10, 2013 – 4:30 PM By Elizabeth Harrington (CNSNews.com) – The federal government spent more than $2 billion to provide food stamps to residents of Puerto Rico … Continue reading

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