What to Do About Puerto Rico

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This is an opinion item.

Author(s) National Review editorial board
Source National Review
Date July 6, 2015
URL http://www.nationalreview.com/article/420714/puerto-rico-bankruptcy-chapter-9-congress
Quotes-start.png And it is far from clear that Congress has the power to use Chapter 9 to manage Puerto Rico’s current crisis in any case: Extending Chapter 9 would constitute a clear ex post facto impairment of the property rights of Puerto Rico’s creditors, and as such is a constitutional no-no, not that such constitutional niceties carry much weight in the Obama era. Quotes-end.png

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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.