We asked Puerto Rican politics expert Amílcar Barreto, associate professor in the Department of Cultures, Societies, and Global Studies, to weigh in on the Puerto Rican debt crisis and its potential impact on the U.S. mainland.
Faced with $123 billion in debt it cannot pay, Puerto Rico took the unprecedented step of filing for bankruptcy protection in a federal court last week. The move marked the first time in history that a U.S. state or territory has gone to such lengths to stem a financial death spiral, piquing the concern of many of the island’s 3.5 million people.
We asked Puerto Rican politics expert Amílcar Barreto, associate professor in the Department of Cultures, Societies, and Global Studies, to weigh in on the debt crisis and its potential impact on the U.S. mainland.
