Absent major changes, Puerto Rico faces a fiscal calamity – Economics – AEI

Puerto Rico needs to stop spending, and it can start with its bloated bureaucracy. Some 24% of all jobs are in government, compared with 16% in the U.S. Other fixable problems include what The Economist calls “inflated benefit payments, for disability for instance, [that] discourage work” as well as “stunted infrastructure and crime.”

via Absent major changes, Puerto Rico faces a fiscal calamity – Economics – AEI.

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