Bankruptcy Protection, Not A Taxpayer Bailout For Puerto Rico

Most Americans think that the Framers provided for a pretty good form of government – but most don’t like the government overreaching in trying to control society and reaching too deeply into our pockets.

The U.S. territory of Puerto Rico is a prime example of high-tax, liberal welfare state policy failures that have brought the islands to the brink of a government shutdown.

The U.S. took the islands to have the country extend into the Caribbean. But instead of following the model that the First Congress laid out for territories requiring equal responsibilities as well as rights, the federal government tried to experiment.

An incoherent mix of federal laws has been applied. The territory is treated as a State in some, foreign in others, and uniquely in yet others. Many taxes haven’t been extended but most big government dependency programs have, if only on a second-class level.

Read more here.

Leave a Reply

Your email address will not be published.