It also includes shortsighted governance going back years.
The most obvious manifestation of the island’s financial problems is a staggering billion public debt.
They are ripe for the plucking, at least for a candidate not named Trump.
Here, the Trump brand is synonymous with bankruptcy.
This is making everything worse, not least because Puerto Rico is scheduled to receive a sharp reduction in Medicare reimbursement rates at a time all 50 states are receiving increases. “Bankruptcy doesn’t work unless you change the way you’re operating,” Rubio responded. But he’s a Democrat, and it seems unlikely Republicans on this island will listen to him.
The Obama administration belatedly asked Congress to change that formula, which it will probably have to do, but Republicans are chary about a second request, which is to allow Puerto Rico to use bankruptcy to restructure its debts. “The problem with Puerto Rico is its economy is not growing. Jeb Bush was poised to win this primary—and all the delegates here—as Mitt Romney did in 2012 and John Mc Cain did in 2008.