Puerto Rico Skids Into Bankruptcy After Years of Economic Distress

Puerto Rico was placed under court protection on Wednesday in what amounts to the largest-ever U.S. municipal bankruptcy,
a stark illustration of the depth of the economic crisis afflicting a U.S. territory with more than three million inhabitants.

Puerto Rico and its agencies owe $73 billion to creditors, dwarfing the roughly $9 billion in bond debt owed by the city of Detroit
when it entered what was previously the largest municipal bankruptcy in 2013.

The move by a federal oversight board installed by Congress is the culmination of years of economic distress and heavy borrowing
that more recently has pitted Wall Street creditors, hungry for payments, against the struggling island.

https://www.wsj.com/articles/puerto-rico-to-request-bankruptcy-protection-1493824050?mod=e2tw


Did you know...  Puerto Ricans can file for benefits under "Americans with Disabilities Act" if they can't speak English, even though the dominant language there is Spanish? 
It was intended for non-English-speaking US residents living on the mainland, but the courts decided Puerto Ricans living in Puerto Rico qualify, too.

I guess that "ADA stimulus money" didn't help much!

Puerto Rico My heart's devotion. Let it sink back in the ocean!



 

And people wanted to make it a state.  HAHA

Better than Belize?