Soros

Puerto Rico Needs Free Market Prosperity, Not Soros-supported Bankruptcy

After years of excessive government spending, inefficient and corrupt state-run enterprises, and a tax and regulatory structure that stifles business development and economic growth, it is clear that precisely what Puerto Rico needs is a strong cocktail of free market economic and financial reforms. Congress will soon take up this debate, and on one side, the government of the Commonwealth, the Barack Obama Administration and many liberal or progressive Democrats in Congress support some form of bailout and bankruptcy for Puerto Rico, while many Republicans and conservative groups see reform as key to a prosperous future, and solving the current crisis, for the Commonwealth of Puerto Rico.

Wealthy investor and far-left political activist George Soros has weighed on this issue as well, siding firmly with his support for bailout and bankruptcy for Puerto Rico. Mr. Soros tweeted, “In debt-ridden Puerto Rico, cuts to vital services are affecting many of the most vulnerable there.”


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