No bankruptcy for Puerto Rico

This is an opinion item.

Author(s)	Dean Chambers
Source	The Washington Times
Date	March 16, 2016
URL	http://www.washingtontimes.com/news/2016/mar/16/dean-chambers-no-bankruptcy-for-puerto-rico/
Quote	Bankruptcy will increase the Commonwealth’s borrowing costs by decreasing its credit rating for years to come. This increase will only cost the taxpayers far more for the financing of Puerto Rico’s debt. Bankruptcy will severely discourage private investment and cause enormous opportunity costs to the economy. Bankruptcy will also not do anything to reform the government, economy and financial system of the Commonwealth.

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This item argues against the position Puerto Rico should be allowed to declare bankruptcy on the topic Puerto Rican government-debt crisis.