Puerto Rico needs fair treatment
Puerto Rico is not requesting, and should not get, a bailout, according to a commentary in The Hill. What Puerto Rico needs is fair treatment from the federal government as one component of a recovery package. On the island, fiscal adjustments are leading to economic contraction, emigration, reduction in tax revenues and the need for further fiscal adjustments. The federal government is contributing to this downward spiral because of discriminatory policies in several areas such as the bankruptcy law, the Jones Act and Medicare regulations.
Thursday, July 9, 2015