Puerto Rico’s governor recently claimed that the island could not pay all its debts. In the media, comparisons to Greece abound. But if Puerto Rico were a patient, then most commentators would have been misdiagnosing its illness and recommending improper treatment. A dose of reality is in order.
Puerto Rico is a United States territory, home to the 3.5 million people I represent in Congress. Residents have been American citizens since 1917 and have served in the United States military since World War I. There are also five million individuals of Puerto Rican heritage living in the States, and as conditions in Puerto Rico deteriorate, my constituents are now leaving for the mainland at a rate of 50,000 a year.… Seguir leyendo »