Puerto Rico: America’s Greece

From a WaPo article on the Puerto Rican debt problem:

As much as some Puerto Ricans chafe under rules made in Washington, it is also true that, as U.S. citizens, Puerto Ricans are protected by the federal safety net. About 40 percent of the island’s residents receive federal support, including Social Security, retirement benefits, food stamps and disability insurance. Meanwhile, they do not pay any federal tax on local income.

And this wonderful factoid:

Many Puerto Ricans have looked at all these problems and decided to flee to the mainland, a prime reason the island’s population is declining by roughly 1 percent a year.

IOW, get ready to see lots more of one of America’s least-accomplished, government-dependent demographics in a city or suburb near you!

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