by Andrew F. Quinlan | May 6, 2016 | Opinion and Commentary
This article appeared on The Daily Caller on May 5, 2016. Earlier this week, Puerto Rico’s Governor Garcia Padilla (D) announced the island would default on a $422 million debt payment. Padilla’s move is in part an effort to get Congress to pass a rescue package by...
by Andrew F. Quinlan | Mar 2, 2016 | Opinion and Commentary
This article appeared on Inside Sources on March 1, 2016, and syndicated in The Detroit News. Years of fiscal irresponsibility have caught up to Puerto Rico. Its government has long lived beyond its means and today the bills are coming due, but the island’s economy...
by Dan Mitchell | Feb 26, 2016 | Blogs, Economics
When I point out that Puerto Rico got in trouble by allowing the burden of government spending to grow faster than the private economy, thus violating my Golden Rule, honest leftists will admit that’s true but then challenge me on what should happen next. That’s a...
by Brian Garst | Jan 25, 2016 | Opinion and Commentary
This article appeared on The Daily Caller on January 22, 2016. Puerto Rico’s fiscal mess has Congress working frantically to provide “relief.” The island territory is overloaded with debt and cannot meet its obligations, and House Speaker Paul Ryan set March as a...
by Dan Mitchell | Jul 7, 2015 | Big Government, Blogs, Economics, Government Spending
When I make speeches about fiscal policy, I oftentimes share a table showing the many nations that have made big progress by enforcing spending restraint over multi-year periods. I then ask audiences a rhetorical question about a possible list of nations that have...
