by Dan Mitchell | Oct 9, 2017 | Bailouts, Big Government, Blogs
Puerto Rico is getting lots of attention because Hurricane Maria caused a tremendous amount of economic damage. That leads to an important discussion about the role of government – particularly the federal government – when there is a natural disaster (and a secondary...
by Andrew F. Quinlan | Aug 7, 2017 | Opinion and Commentary
Originally published by The Daily Caller on August 4, 2017. Thanks to decades of financial mismanagement, numerous state and local governments throughout the U.S. are facing imminent fiscal collapse. On a debt-to-GDP ratio, none is in worse shape than Puerto Rico....
by Andrew F. Quinlan | Apr 19, 2017 | Opinion and Commentary
Originally published by The Washington Times on April 18, 2017. Congress wisely declined to bail out Puerto Rico when its leaders turned to Washington with hat in hand for help with its $70 billion debt. Instead, they created an oversight board to compel the island...
by Dan Mitchell | May 25, 2016 | Big Government, Blogs, Government Spending
I wrote last year about why Puerto Rico got into fiscal trouble. Like Greece and so many other governments, it did the opposite of Mitchell’s Golden Rule. Instead of a multi-year period of spending restraint, it allowed the budget to expand faster than the private...
by Andrew F. Quinlan | May 24, 2016 | Opinion and Commentary
This article originally appeared on The Daily Caller on May 24, 2016. The updated “Puerto Rico Oversight, Management, and Economic Stability Act” (PROMESA), H.R. 5278, reintroduced last week by Representatives Sean Duffy, Rob Bishop, and Jim Sensenbrenner offers a...
