Saving Puerto Rico From Itself

This is an opinion item.

Author(s)	The Wall Street Journal editorial board
Source	The Wall Street Journal
Date	December 25, 2015
URL	http://www.wsj.com/articles/saving-puerto-rico-from-itself-1451066343
Quote	Employment laws, such as mandatory 15 days of paid vacation, and stringent job protections provide disincentives to hire. Generous welfare, housing, food stamp and health benefits discourage work. Nearly half of island residents are on Medicaid. A household can rake in 50% more in government assistance than the take-home monthly minimum wage.

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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.