Mural by David Zayas at the Museum of the Americas in San Juan, Puerto Rico. Photo credit: damian entwistle / Flickr (CC BY-NC 2.0)

Puerto Rico is Bankrupt: Is the Worst Yet to Come?

The people of Puerto Rico have no say at the moment in the future of their debt-ridden island. The price of surviving bankruptcy has been a surrender of sovereignty to a federal oversight board that will control every law and every budget for years to come. That’s the story behind headlines heralding an “escape from disaster” and “second chance.”

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