A Big Thank You to Scumbag Paul Ryan now, Mitt Romney and Bain Capital along with some other Hedge Fund bond holders appreciate your generosity.
Puerto Rico was doing OK when the gubmint offered decent incentives known as "section 936" to business to locate there, particularly pharmaceutical, electronics, petrochemical and manufacturing. It built up their education system, expanded universities, economy was good. For every dollar of "incentive", it was figured that Puerto Rico gained over $30 of value. When brilliant politicians rescinded 936 ten years ago, industry moved to Ireland and other tax havens and Puerto Rico started its current decline. Now it requires government handouts that are worth about 25 cents per dollar given. Good economics! But hey, they sure showed those greedy companies!