“We feel like we are a forgotten people in a forgotten land.” Those were the poignant and sadly accurate words of a small business owner to a New York Times reporter back in July about the dire economic conditions on the island of Puerto Rico. It has been said that when the U.S. economy catches a cold, Puerto Rico gets pneumonia. For the last decade, the island has been mired in a recession and fiscal crunch, which led Puerto Rico’s governor to announce this summer that the island is running out of money and would likely be unable to pay its $73 billion debt by the end of the year. Critically, the economic challenges facing the island are leading to a humanitarian crisis of enormous proportion for the 3.5 million American citizens who live there.
Read more of what Janet Murgia wrote by clicking here.