The United States is partly responsible for its colony’s financial problems. Los Estados Unidos es en parte responsable de los problemas financieros de su colonia.

http://www.deseretnews.com/article/865655646/The-chances-of-a-legislative-solution-for-Puerto-Rico-are-growing-slimmer.html

The United States is partly responsible for its colony’s financial problems. As a dependent territory, Puerto Rico did not default independently. The United States has a history of giving and taking back sources of income and employment, making it hard for the local government to plan for the future, like sovereign countries do, or borrow from other than the United States capitalists.

Congress is part of the reason Puerto Rico got itself into trouble in the first place. Decades ago, it approved tax breaks to spur investments in manufacturing and pharmaceutical businesses on the island. This artificial prop lasted until the tax breaks ended completely in 2006. Then the businesses began to leave and unemployment began to rise. Tax revenues no longer were enough to cover the government’s obligations.

Los Estados Unidos es en parte responsable de los problemas financieros de su colonia. Como un territorio dependiente, Puerto Rico no se fue en bancarrota de forma independiente. Los Estados Unidos tiene una historia de dar y quitar las fuentes de ingresos y empleo, por lo que es difícil para el gobierno local planificar para el futuro, al igual que lo hacen los países soberanos, o pedir prestado fuera de los capitalistas de los Estados Unidos.

El Congreso americano es parte de la razón por la cual Puerto Rico tiene problemas fiscales en primer lugar. Hace décadas, se aprobó recortes de impuestos para estimular las inversiones en las empresas farmacéuticas de fabricación y en la isla. Esta propuesta artificial duró hasta que los recortes de impuestos terminaron por completo en el año 2006. A continuación, las empresas comenzaron a salir y el desempleo comenzó a subir. Los ingresos fiscales ya no eran suficientes para cubrir las obligaciones del gobierno.

Published by nelsongon

I love media and communication, as well as digital technology. I write and speak fluently in Spanish and English. I was born in New York, but was sent to Puerto Rico at an early age, where I lived until drafted by the U.S. army. Upon returning from an honorable discharge, I found Puerto Rico small and limited at the time. I moved to Boston where I pursued musical studies and later worked as a musician, teacher, and speech-pathologist in New York. I am currently still interested in world politics, social justice, and income inequality. Health and wellness are essential to survive and thrive. I am working on patience and skills necessary to keep learning.

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