Governor Luis Fortuno on How Puerto Rico Avoided Becoming "America's Greece"

"Things were so bad that I had to fly up to New York to meet with ratings agencies before being sworn in, to avoid a guaranteed downgrade to 'junk' status," says Puerto Rico's governor Luis Fortuño. "We should have been America's Greece."

Fortuño spoke at Reason Weekend 2012, Reason Foundation's annual donor event, which took place in San Juan, Puerto Rico. He discussed the importance of making bold, quick cuts to government, his plans to incentivize capital investment in Puerto Rico, and his desire to see Puerto Rico be admitted as the 51st state in the union.

About 25 minutes. Filmed by Joshua Swain and Anthony Fisher. Edited by Zach Weissmueller.

Scroll down for downloadable versions and subscribe to Reason.tv's YouTube channel to receive automatic notifications when new material goes live.