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JAN 28, 2014 - Forbes

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The Obama Administration's Backdoor Bailout Of Puerto Rico

Puerto Rico’s economy and its government finances are in dire straits. The territory has had eight consecutive years of negative economic growth. Its official unemployment rate is nearly 15 percent. All three credit rating agencies have put its bonds just one notch above junk. Over the last decade, while the total U.S. population grew by 8 percent, the population of Puerto Rico declined by 2 percent. Puerto Ricans are U.S. citizens, and many of them looking for jobs have settled in the central Florida area.

Tags: The Obama Administration's Backdoor Bailout Of Puerto Rico,  Unemployment Latest News