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Debt and Decisions: Puerto Rico

While the small American territory of Puerto Rico struggles to overcome the most significant economic crisis that it has faced in its history, the importance of this affair is receiving little attention from the U.S. mainland. The tragedy of this apathetic attitude is that Puerto Rico’s recovery is dependent upon the actions of the U.S. Congress.

The unique relationship between the United States and Puerto Rico has typically been beneficial to the island and its people. U.S passports allow Puerto Rican citizens to travel freely throughout the states. One currency, comparable tax and legal systems and proximity to the United States attracted business, tourism and investment.

But this relationship also has disadvantages which are now being felt in substantial ways…

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