It was a beauty, though, and looking out over a wonderful square. Twelve years ago, I could have retired there on a small pension, now....
Puerto Rico’s governor, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.
The debt of the island is the equivalent of $20,000 per person. If you think that's staggering, the current debt per person in the United States is $50,000.