Tag Archives: debt

Rebuilding a Puerto Rico Barrio: ‘Dead Is the Only Way They’ll Ever Get Me to Leave’ – Vietnam neighborhood in PR

        Rebuilding a Puerto Rico Barrio: ‘Dead Is the Only Way They’ll Ever Get Me to Leave’ Hurricane Maria led to a host of new plans to fix island barrios plagued by chronic flooding. A look at … Continue reading

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Puerto Rico is living an impoverished debt nightmare reminiscent of southern Europe or Detroit

https://qz.com/125654/puerto-rico-is-living-an-impoverished-debt-nightmare-reminiscent-of-southern-europe-or-detroit Puerto Rico is living an impoverished debt nightmare reminiscent of southern Europe or Detroit By Simone FoxmanSeptember 19, 2013 Puerto Rico’s poverty rate hit 44.9%, according to new data released today by the US Census Bureau—that’s nearly double the poverty rate … Continue reading

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Tax Policy Helped Create Puerto Rico’s Fiscal Crisis

https://taxfoundation.org/tax-policy-helped-create-puerto-rico-s-fiscal-crisis Tax Policy Helped Create Puerto Rico’s Fiscal Crisis June 30, 2015 Scott Greenberg   Gavin Ekins Yesterday, the governor of Puerto Rico announced that his government’s $72 billion of debts are not payable, in advance of $1.92 billion in … Continue reading

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Puerto Rico’s eye-popping economic situation, in charts

https://qz.com/1091341/puerto-ricos-eye-popping-economic-situation-in-charts Puerto Rico’s eye-popping economic situation, in charts By Eshe NelsonSeptember 30, 2017 The catastrophic devastation that Hurricane Maria brought to Puerto Rico has been made worse by the island’s struggling economy and the US government’s poor efforts to help aid … Continue reading

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Lin-Manuel Miranda: Puerto Rico needs “debt forgiveness” to recover

Since Lin-Manuel Miranda believes the debts that Puerto Rico incurred should be forgiven, to not honor the commitment to pay their loans, will Miranda stop charging for all his Hamilton shows or allow  you to “promise” to pay later?  A … Continue reading

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Puerto Rico’s poor economy is rooted in counter-productive Puerto Rican government policies

https://www.washingtonpost.com/opinions/dont-blame-puerto-ricos-poor-economy-on-hurricanes/2018/12/17/206a5734-f181-11e8-9240-e8028a62c722_story.html The Puerto Rican government is the problem by having policies that encourage people to be on welfare, to discourage them from working.  It’s simple logic, in that one will get more behavior that is rewarded and less behavior that … Continue reading

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Puerto Rico’s unlikely financial bounceback

https://www.axios.com/puerto-ricos-unlikely-financial-bounceback–cd785c49-86ef-4527-83e8-67350cda23f3.html Felix Salmon Oct 28, 2018 Puerto Rico’s unlikely financial bounceback Puerto Rico was the poorest and most struggling part of America even before Hurricane Maria hit in September 2017. Its bonds had been in default for over a year, … Continue reading

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