Puerto Rico's Commonwealth debt has increased above local GDP. We haven't experienced economic growth since 2006. Ongoing local administrations initiatives had been to keep growing debt by issuing bonds with tax imposition repayment warranties without cutting spending and even worst without recurrent income sources identified except tax collection. These bonds are issued within the municipal bonds market, this meaning that en eventual collapse will have serious consecuences in many US citizens who invest in this type of instruments, even worst than Detroit collapse. According to federal government, people here are migrating by 75K to 100K annually, with the majority of them being educated professionals, which are the ones that can rebuild economic growth. Thanks for your time!
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