Not Donald Trump.
Puerto Ricans are blaming President Trump for the fact that two weeks after Hurricane Maria, their island is still a mess: power outages, flooding, fuel shortages, spotty cell service, washed out bridges, roads blocked by fallen trees. But who is really to blame for the island’s paralysis?
Consider this: Puerto Rico has a population of only 3.4 million but their elected government has run up a debt of over $70 billion and pension obligations of $50 billion. That’s more than $35,294 per resident and over 100 percent of GDP. Puerto Rico has already defaultedon a $58 million bond payment in 2016, due to its already-high taxes and unwillingness to cut government spending. It fell into crushing debt despite the $21 billion annually the island receives in aid from the United States, much of it spent on welfare programs such as Head Start, public housing, and food stamps. That’s over $6,000 per capita in federal welfare that the islanders consume. And due to the special status of the island, Puerto Ricans do not even pay federal income tax. ...
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