The Soapbox

Seattle .Hoo

Joined: 08/13/1998 Posts: 56964
Likes: 76113


Yeah, and a lot of it is the result of poor management by Congress. PR


doesn't have the option of Chapter 9 bankruptcy (removed by Congress in the 1980's) and doesn't have the revenue it once had due to the removal of tax breaks for US corporations signed by the Clinton administration in 1996. The US manages Puerto Rico like a colony which I suppose is understandable for a place that we acquired in our ludicrous war with Spain and our visions of Manifest Destiny. It is unconscionable in this day and age. PR needs a new path and it starts with debt forgiveness, IMO, before its antiquated political status is addressed.

(In response to this post by ConnHoo)

Posted: 04/19/2018 at 07:42AM



+1

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