What to Do About Puerto Rico's Debt

The Brian Lehrer Show | Aug 12, 2015

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

WNYC is funded by sponsors and member donations

WNYC Homepage - Top Stories

The super PAC complicating the narrative for NYC progressives in Democratic primaries

What happens when a deep-pocketed super PAC promises a multimillion-dollar campaign to support progressive Democrats?

Gothamist |

A Memoir on Growing up in Gowanus, Before the Whole Foods

All Of It with Alison Stewart |

Bill Bradley on Knicks Fever and More

Bill Bradley talks about this year's NBA finals, reflects on his own championship season, and more.

The Brian Lehrer Show |

I.C.E.'s "Wartime Recruitment" Campaign

Hiring at the highest-funded U.S. law enforcement agency.

On the Media |