My View: Debt Side Story: Corruption and a Big Labor Agenda Define Obama’s Response to Puerto Rican Debt Crisis

This article originally appeared in Deseret News. Click here to read the full article.

By Jared Whitley

Puerto Rico My heart’s devotion Let it sink back in the ocean Always the hurricanes blowing Always the population growing

And the money owing…

So begins Puerto Rican darling Anita in West Side Story’s signature song, “America.” Little did she know how prophetic her words would become.

The not-so Rich Port has accumulated debt of $73 billion — a crushing 70 percent of its annual GDP — much of it owed to bondholders who, curiously, want their money back.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s