Jan 25 2016

Puerto Rico Slides Deeper Into Fiscal Crisis

Feature Stories | Published 25 Jan 2016, 9:15 am | Comments Off on Puerto Rico Slides Deeper Into Fiscal Crisis -

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GUEST: Andrew Hanauer, campaigns director for Jubilee USA.

We’ve heard of the terrible fiscal crisis in Michigan and its impact on residents of Flint and Detroit. But we haven’t heard as much about Puerto Rico’s financial crisis. The residents of Puerto Rico, who are of course US citizens, are struggling with major service cuts as a prolonged debt burden has crippled the local economy.

According to the group Jubilee USA, “The prison system in Puerto Rico can no longer pay a vendor that feeds inmates. Some special education teachers are no longer being paid. In recent years, 200 schools have closed. The island’s only children’s hospital, which doesn’t own an MRI machine, cut its budget by 14% in last two years. Pension funds that the government used to pay the debt are expected to run out of money by 2020.”

Find out more here www.jubileeusa.org.

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