Tag Archives: Padilla

Puerto Rico goes to the polls for statehood

  http://thehill.com/latino/336667-puerto-rico-goes-to-the-polls-for-statehood Puerto Rico’s government is banking on a push for statehood to solve the structural issues that led to its financial crisis. Puerto Ricans will vote Sunday to decide the territory’s status. If statehood wins, as expected, the island … Continue reading

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Puerto Rico’s other crisis: impoverished pensions

http://www.reuters.com/investigates/special-report/usa-puertorico-pensions Uneasy Island Puerto Rico’s other crisis: impoverished pensions By Nick Brown Filed April 7, 2016, 3:10 p.m. GMT For years, the territory’s government piled on the benefits without paying for them. Now, it faces the prospect of stiffing retirees, … Continue reading

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PROMESA Gives Puerto Rico a Free Pass

PROMESA Gives Puerto Rico a Free Pass Congress Aims to Give Debt-Ridden Puerto Rico a Free Pass as Long as Obama Wants Rachel Greszler / Salim Furth / @salimfurth / May 20, 2016 PROMESA creates an incentive for President Obama … Continue reading

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Puerto Rico’s Newest Problem: The Population Can Leave Even If The Debts Don’t

Puerto Rico is a lesson in the failure of Socialism as it drives the productive members of society to leave or work less, just as it happened in Cuba and Venezuela, Puerto Rico’s Latin neighbors. http://www.forbes.com/sites/timworstall/2016/01/05/puerto-ricos-newest-problem-the-population-can-leave-even-if-the-debts-dont/#7318f6fb3812 Jan 5, 2016 @ … Continue reading

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Where’s the Long-Term Plan for Puerto Rico’s Fiscal Crisis?

USA overall labor force participation rate 63% vs 40% in Puerto Rico because far more able-bodied people in PR are choosing not to work, instead choosing to live on welfare. http://blogs.wsj.com/washwire/2016/01/04/wheres-the-long-term-plan-for-puerto-ricos-financial-crisis Where’s the Long-Term Plan for Puerto Rico’s Fiscal Crisis? … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, economic crisis, minimum wage laws are harmful to society, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Helping Puerto Rico may start a whole new wave of bailouts

http://nypost.com/2016/03/22/helping-puerto-rico-may-start-a-whole-new-wave-of-bailouts Helping Puerto Rico may start a whole new wave of bailouts By Betsy McCaughey March 22, 2016 | 8:54pm If you have a retirement fund or pension, or you’re a taxpayer, get ready to have your pockets picked. The … Continue reading

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Things in Puerto Rico are getting really bad: What you need to know

http://www.washingtonpost.com/blogs/wonkblog/wp/2015/06/29/things-in-puerto-rico-are-getting-really-bad-what-you-need-to-know Things in Puerto Rico are getting really bad: What you need to know By Max Ehrenfreund June 29 at 2:26 PM Alejandro García Padilla, the governor of Puerto Rico, is expected to say publicly Monday afternoon that the government … Continue reading

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