Puerto Rico in crisis, video

This video says about itself:

Puerto Rico: Another Victim of U.S. Colonialism

3 May 2016

Puerto Rico, essentially a U.S. colony, has been crushed by a a debt of $70bn which has led to the closures of schools, and other public cuts. Should the people really be the ones paying for this crisis?

On Monday May 2, what had been announced since last June finally took place; the government of Puerto Rico defaulted on part of a $422 million debt payment that was due on May 1. This is the largest default in Puerto Rican history. It is anticipated that this will be the first of many non-payments this year: here.

4 thoughts on “Puerto Rico in crisis, video

  1. As I have stated before; Puerto Rico had an opportunity to vote for independence so you can not call them a colony. Also, the Puerto Ricans have had a free ride for quite a while by not having to pay property taxes. Also, they have a natural resource that would solve their problems – – – copper lodes in the middle of the island. I agree that mining the copper may very well damage the island. Puerto Rico should have thought about this before they harvested the golden eggs. As an aside, I love the beauty of rural Puerto Rico and the energy of its people. The people that will flee Puerto Rico are those who are educated and can afford leave. The US will be the beneficiaries of these poor policies which have dogged Puerto Rico for so many years. Shame on their leaders.


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