Sad to say, but Puerto Rico is in a debt crisis. Tax credits made the island attractive, and allowed increased government spending. The tax credits ended. Businesses aren’t as interested in doing business there. But the spending continued. They now have a $70B debt, and the potential to run out of money within three months. Layoffs are expected. Has Puerto Rico become America’s Greece?
“Puerto Rico Could Run Out Of Money In Three Months” – Marketplace
Pretending Not To Panic 