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  1. #1 Economy and Crime Spur New Puerto Rican Exodus 
    eeeevil Sith Admin SarasotaRepub's Avatar
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    This is a shame...



    By LIZETTE ALVAREZ FEB. 8, 2014
    The New York Times


    SAN JUAN, P.R. — Alexis Sotomayor has many reasons to stay in Puerto Rico: his two children; his mother and their gossip sessions over plates of fried rice; and the balm of salt and sun that leavens his life on the island.

    But the artisanal soap business that Mr. Sotomayor built is barely hanging on amid rising costs and taxes, and sales that have sunk by 40 percent in five years. Crime is rampant; his girlfriend was nearly carjacked at gunpoint recently. So last month he boarded a flight to Orlando, Fla., to interview for a job at a rum distillery in the hope of joining the ever-growing Puerto Rican diaspora.

    Puerto Rico’s slow-motion economic crisis skidded to a new low last week when both Standard & Poor’s and Moody’s downgraded its debt to junk status, brushing aside a series of austerity measures taken by the new governor, including increasing taxes and rebalancing pensions. But that is only the latest in a sharp decline leading to widespread fears about Puerto Rico’s future. In the past eight years, Puerto Rico’s ticker tape of woes has stretched unabated: $70 billion in debt, a 15.4 percent unemployment rate, a soaring cost of living, pervasive crime, crumbling schools and a worrisome exodus of professionals and middle-class Puerto Ricans who have moved to places like Florida and Texas.

    Taxes and crime out of control. The new Gov is trying to do reforms but the increase in taxes
    is killing small bidness. And pensions...


    This sounds like a micro USA...hey, it is!!! They are running here. Where are WE going to run???

    I've vacationed in PR many times but every year it was getting a little more unsafe. The areas where
    tourists could walk, shrinking.
    May the FORCE be with you!
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  2. #2  
    Power CUer NJCardFan's Avatar
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    I used to live in PR...oh wait, That was Vineland, NJ.
    The Obama Administration: Deny. Deflect. Blame.
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  3. #3  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Quote Originally Posted by NJCardFan View Post
    I used to live in PR...oh wait, That was Vineland, NJ.

    HA!! I used to say in the Condado area of PR. From the airport you took a cab
    past these public housing projects that were just scary to look at never mind
    go in...

    It's a beautiful island and for a while they were making real progress but
    that has apparently changed.

    Looks like it's changing into an island version of Atlantic City. Nice hotels
    and casinos along the coast and a dangerous minefield a couple of
    blocks in.
    May the FORCE be with you!
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