Thursday August 06, 2015
Statehood may be Puerto Rico's debt crisis solution
more stories from this episode
Puerto Rico occupies a unique position. It's a territory of the United States and its residents are U.S. citizens... but they cannot vote and it is NOT a U.S. state.
And this summer, Puerto Rico is being compared to Greece. It is mired in debt and economic stagnation, and just this week, for the first time ever, it defaulted on its debt — missing a $58-million payment.
There are billions more in debts, threatening to cripple the economy... and as a consequence, Puerto Ricans are fleeing the territory in droves.
The debt crisis is also adding fuel to a long simmering debate about Puerto Rico's long term future and its relationship with the United States.
We spoke to three guests about the possibility of Puerto Rico statehood:
- Luis Negrón, author of "Mundo Cruel" and bookstore employee in San Juan
- Greg Allen, NPR's national radio correspondent in Miami
- Kenneth McClintock, former Lieutenant Governor of Puero Rico and president of the Puerto Rico Equality Forum
This segment was produced by The Current's Leif Zapf-Gilje, Sonya Buyting, Amil Niazi, and Nicole Abi-Najem.
Puerto Rico Lobbies Congress For Help In Solving Debt Crisis - Greg Allen, NPR
How Puerto Rico's 'death spiral' is affecting everyday life - Business Insider