Years Of Irresponsible Dem Governance Has PR Circling The Drain

OKTexas

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Misery deepens for those in Puerto Rico who can't leave

SAN JUAN, Puerto Rico (AP) — Most tables are empty at Walter Martin's coffee shop in San Juan's colonial district. His brow is furrowed with concern and glistens with sweat in the sweltering Caribbean morning.

He's turned off the air conditioning to lower his power bill. With fewer customers, he's cut staff hours and tried to make up the lost income by raising some prices. But Puerto Rico's entrenched economic crisis is leading people to either cut their personal spending to the basics or flee to the mainland to search for jobs, contributing to the struggles of those left on the island.

"We're making every single adjustment needed," Martin said. "We have to make these decisions because if not..."

He trailed off, hesitant to complete the sentence.

Nearly 10 years into a deep economic slump, Puerto Rico is no closer to pulling out, and, in fact, is poised to plummet further. The unemployment rate is above 12 percent. Some 144,000 people left the U.S. territory between 2010 and 2013, and about a third of all people born in Puerto Rico now live in the U.S. mainland. Schools and businesses have closed amid the exodus. The population of 3.5 million is expected to drop to 3 million by 2050.

PeoplePC - News

Another fine example of Democrat leadership at work.
 
Misery deepens for those in Puerto Rico who can't leave

SAN JUAN, Puerto Rico (AP) — Most tables are empty at Walter Martin's coffee shop in San Juan's colonial district. His brow is furrowed with concern and glistens with sweat in the sweltering Caribbean morning.

He's turned off the air conditioning to lower his power bill. With fewer customers, he's cut staff hours and tried to make up the lost income by raising some prices. But Puerto Rico's entrenched economic crisis is leading people to either cut their personal spending to the basics or flee to the mainland to search for jobs, contributing to the struggles of those left on the island.

"We're making every single adjustment needed," Martin said. "We have to make these decisions because if not..."

He trailed off, hesitant to complete the sentence.

Nearly 10 years into a deep economic slump, Puerto Rico is no closer to pulling out, and, in fact, is poised to plummet further. The unemployment rate is above 12 percent. Some 144,000 people left the U.S. territory between 2010 and 2013, and about a third of all people born in Puerto Rico now live in the U.S. mainland. Schools and businesses have closed amid the exodus. The population of 3.5 million is expected to drop to 3 million by 2050.

PeoplePC - News

Another fine example of Democrat leadership at work.


Well...we know the solution...just give them even more money...right? Isn't that the solution to all problems created by the democrats.....
 
$5.2 billion owed to hedge funds does not sound like the activity of a bunch of Democrats.


You know so little......the wealthiest members of congress are democrats......
 
Like Greece, has much more to do with going with Pub banking bubble, and of course the Booosh world depression. Typical Pub dupe deep thinking.

Didn't read the article did ya oh ignorant one, PR's melt down started more than 10 years ago.
 

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