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Puerto Rico Economic Crisis Essay

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Puerto Rico has two major crises causing an third one. First, is systematic issues with the economy that has been effecting Puerto Rico for more than ten years. Second, is the debt crisis with budgeting. Third, both of these issues have intertwined together causing a disaster to the people. Puerto Rico owe but not limited to corporations, central governments, to the working class. Where there were already a massive unemployment rate because of all the lay-off's before the crisis. Puerto Rico treasury money is rapidly running out leaving no money to pay thier debts. Although, some attention has been given to Puerto Ricos crisis not enough attention has been given to the fact that Puerto Rico is in a financil crisis yet all the attention is on Donald Trump. One solution I find interesting is when a state can file for …show more content…

First, is systematic issues with the economy that has been effecting Puerto Rico for more than ten years. Second, is the debt crisis with budgeting. Third, both of these issues have intertwined together causing a disaster to the people. Puerto Rico owe but not limited to corporations, central governments, to the working class. Where there were already a massive unemployment rate because of all the lay-off's before the crisis. Puerto Rico treasury money is rapidly running out leaving no money to pay thier debts. Although, some attention has been given to Puerto Ricos crisis not enough attention has been given to the fact that Puerto Rico is in a financil crisis yet all the attention is on Donald Trump. One solution I find interesting is when a state can file for amend federal bankruptcy I know that recently some years ago San Bernardino in Cali had to file bankruptcy and that supprised me. Bankruptcy would of been good solutions that would of helped Puerto Rico with a clean begining. If the state would still have bankruptcy protection like when they had it from 1938 to

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