Though the debt crisis in Greece is eating up most of the media oxygen, a somewhat similar crisis is happening in Puerto Rico. They've got way too much debt, and have been struggling badly since the 2008 financial crisis. The situation has reached a breaking point, and Governor Alejandro Padilla has flatly admitted the island colony cannot pay in full.
Though it is an unlikely prospect, this is an area where the United States government can do some good. By proposing a referendum on statehood, and assisting with an orderly debt write-down, America can atone for past sins and put Puerto Rico back on an upward trajectory.
Though it is an unlikely prospect, this is an area where the United States government can do some good. By proposing a referendum on statehood, and assisting with an orderly debt write-down, America can atone for past sins and put Puerto Rico back on an upward trajectory.
