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dixiegrrrrl

(60,010 posts)

5. Plus: Puerto Rico's Electric Utility Faces Crippling Debt

Reply to Bosonic (Original post)

Sun Jun 28, 2015, 09:40 PM

Jun 2015

After years of borrowing to cover budget deficits, the U.S. territory is more than $70 billion in debt. The biggest chunk of the debt, more than $9 billion, is owed by PREPA.

http://www.npr.org/2015/05/07/403291009/power-problems-puerto-ricos-electric-utility-faces-crippling-debt

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27 replies

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Highlight:

Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’ [View all] Bosonic Jun 2015 OP

Puerto Rico needs to be free AngryAmish Jun 2015 #1

Who knew the solution was so simple ToxMarz Jun 2015 #10

Not if the debt isn't held in their currency.... Adrahil Jun 2015 #12

I have been thinking about this my entire life since college AngryAmish Jun 2015 #13

I agree we need to help.... Adrahil Jun 2015 #26

Your aware that on 5% of Puerto Ricans support independence right? iandhr Jun 2015 #14

This might knock it out of the 2015 Best Places to Retire. n/t jtuck004 Jun 2015 #2

------ best places to retire? Hoppy Jun 2015 #6

100% true. GOLGO 13 Jun 2015 #23

If it weren't for the crime, it would be a paradise NickB79 Jun 2015 #27

Holy crap...... "wide-reaching financial repercussions." indeed. dixiegrrrrl Jun 2015 #3

If my math is correct, that's $20,000 per resident bigworld Jun 2015 #4

Over the years, to lots of places. Igel Jun 2015 #15

Plus: Puerto Rico's Electric Utility Faces Crippling Debt dixiegrrrrl Jun 2015 #5

Yes, this was a huge problem!! Gloria Jun 2015 #9

Met an FBI agent at a bar in San Juan Submariner Jun 2015 #7

Beat me to it, but this has been a long time coming.. Gloria Jun 2015 #8

Here in Florida - a lot of folks have been moving from Puerto Rico in the last 5 years. Sancho Jun 2015 #11

Thank you for your information. Very useful. Had heard references to this recently, didn't know, Judi Lynn Jun 2015 #16

Maybe they need to start expecting corps and billionaires to pay taxes ? eppur_se_muova Jun 2015 #17

A repeating pattern! Thanks for the links. n/t freshwest Jun 2015 #18

Thanks for the links. Amazing information. n/t Judi Lynn Jun 2015 #19

Bingo! stuffmatters Jun 2015 #21

Just like Greece. n/t Ghost Dog Jun 2015 #22

Good stuff, thanks. Starry Messenger Jun 2015 #24

This message was self-deleted by its author stuffmatters Jun 2015 #20

Its because they run with all kinds of schemes Historic NY Jun 2015 #25