Puerto Rico

Puerto Rico May Look For US Bailout

Doing worse than all eight cities that filed for bankruptcy in last 3 years

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Detroit, once known as an American manufacturing and economic powerhouse, is now better known for high crime, low employment, run-down neighborhoods, and financial mismanagement that have turned the city into the largest bankrupt municipality in the U.S. Will Puerto Rico be next?

Unfortunately, Puerto Rico is now in worse condition than all of the eight cities that have filed bankruptcy since 2010. Puerto Rico's long-term financial bungling, high unemployment, growing emigration, and poor economic outlook have caused bloggers and pundits to often change its nickname from la Isla del Encanto to el Detroit del Caribe.

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