Commentary

Puerto Rico defaulting on debts due to years of U.S. neglect

(NY DAILY NEWS)  Juan Gonzales — Obama to Puerto Rico: Drop Dead.

That was the message from the White House this week to 3.5 million U.S. citizens of Puerto Rico — our own version of Greece.

No one is even considering a bailout for Puerto Rico, White House spokesman Josh Earnest said. This was after Puerto Rico Gov. Alejandro García Padilla stunned the financial world by announcing his government will default on $1 billion in debt service payments due Wednesday.

Source: Puerto Rico defaulting on debts due to years of U.S. neglect – NY Daily News