Should The U.S. Let Puerto Rico Go Bankrupt?

Should Puerto Rico Become A State? http://testu.be/1Zdi9vj
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Puerto Rico is $72 billion in debt, but it can’t declare bankruptcy as a territory. So should the U.S. come to Puerto Rico’s aid?

Learn More:
Why Congress Should Let Puerto Rico Declare Bankruptcy
http://www.newyorker.com/business/currency/why-congress-should-let-puerto-rico-declare-bankruptcy
“It hasn’t exactly been a quiet week in the world’s debt markets.”

Senate Republicans Introduce Bill for Puerto Rico Relief
http://www.nytimes.com/2015/12/10/business/senate-republicans-introduce-bill-for-puerto-rico-relief.html
“Under pressure to help Puerto Rico avoid a bond default on Jan. 1, Senate Republicans introduced a bill on Wednesday to extend several forms of assistance to the island.”

Chapter 9 – Bankruptcy Basics
http://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-9-bankruptcy-basics
“The first municipal bankruptcy legislation was enacted in 1934 during the Great Depression. ”

Misguided Plan for Puerto Rico Would Set Dangerous Precedent
http://www.heritage.org/research/reports/2015/12/misguided-plan-for-puerto-rico-would-set-dangerous-precedent
“Puerto Rico faces an imminent financial crisis caused by decades of economically harmful policies, prolific government spending, and broken-if not corrupt-governance.”

Music Track Courtesy of APM Music: “Ephimeral”

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