What to Do About Puerto Rico's Debt
MarketWatch reporter Ellie Ismailidou and Resident Commissioner of Puerto Rico Pedro Pierluisi discuss the ideas being floated about Puerto Rico's current debt which is four times that of Detroit, including one which would allow the country's municipalities to declare bankruptcy.
Puerto Rico right now is like a person with too many credit cards, says @ellieisma. At this point debt isn't payable. pic.twitter.com/Lxsvbia5XE
— Brian Lehrer Show (@BrianLehrer) August 12, 2015
Do you have family in Puerto Rico? What’s your experience of the debt crisis? Tweet/call: 212-433-9692.
— Brian Lehrer Show (@BrianLehrer) August 12, 2015
There’s no long-term fiscal plan in PR says Resident Commish @pedropierluisi. We shouldn’t be defaulting - need to sit down and restructure.
— Brian Lehrer Show (@BrianLehrer) August 12, 2015
"Is austerity a bottomless pit?" asks @EllieIsma. If austerity continues, what will be incentive for young bright Puerto Ricans to stay?
— Brian Lehrer Show (@BrianLehrer) August 12, 2015
Brain drain @Ellielsma mentioned on @BrianLehrer is echoed by #Fordham's Greg Acevedo: http://t.co/tA5sx9xmgF via @TomStoelker #PuertoRico
— ginavergel (@ginavergel7) August 12, 2015
