Puerto Rico’s Debt Portent

This is an opinion item.

Author(s)	The Wall Street Journal editorial board
Source	The Wall Street Journal
Date	May 2, 2016
URL	http://www.wsj.com/articles/puerto-ricos-debt-portent-1462231019
Quote	An earlier House Natural Resources Committee proposal stalled after some Republicans carped that allowing Puerto Rico to write down its debt is tantamount to a bailout. But doing nothing, as some have proposed, will result in anarchy and a back-door bailout as tens of thousands of Puerto Ricans flee to the mainland where they will land on the U.S. public dole.

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

This item argues for the position Puerto Rico should be managed by a financial control board on the topic Puerto Rican government-debt crisis.