Anne Krueger, Ranjit Teja, and Andrew Wolfe argue in a recent economic report on the Puerto Rican economy, "that fiscal stimulus by successive Puerto Rican administrations failed to end the stagnation because it was based on a misdiagnosis.
“Solving Puerto Rico’s problems through fiscal expansion has not worked,” she writes, “and will not work.”
"Instead, spending cuts that reduce the footprint of government can return the commonwealth to solvency and allow economic growth..."
Presumably my progressive friends will blame everything and everyone but the public policies that started the downfall?
So sad really.
