PUERTO RICO JUST HAD DEFAULTED IN ITS MOST RECENT DEBT. WITH THE CURRENT ECONOMIC STATE OF THE ISLAND, THE GOVERMENT DOES NOT HAVE THE ABILITY TO PAY THE CURRENT DEBT WITH OUT TAKING AWAY FROM THE CITIZENS THAT ALREDY DON'T HAVE MUCH TO GIVE. IF PUERTO RICO IS NOT GRANTED CHAPTER NINE PROTECTION IT WOULD HAVE TO TAKE MORE FEDERAL FUNDS FROM ITS RESIDENTS SOCIAL SECURITY AND THE ISLANDS EDUCATION SYSTEM. IF PUERTO RICO IS ALLOWED CHAPTER NINE COVERAGE IT WILL ALLOW THE COMMON WEALTH AN OPPORTUNITY TO GET BACK ON ITS FEET.
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