The Sacrifices Necessary to Keep Puerto Rico Afloat
July 30, 2015 at 07:00 AM EDT
This much we know: Puerto Rico has more debt than it can afford. Governor Alejandro Garcia Padilla told us so in late June when he pronounced the commonwealth’s $72 billion in debt was “not payable.” After years of band aids and significant borrowing to meet its obligations, the time has come for...