Puerto Rico's Debt Crisis | National Catholic Reporter

Puerto Rico's Debt Crisis | National Catholic Reporter by MSW. MGB: The Vulture Funds are playing chicken.  Puerto Rico should call their bluff and not pay them and let that default work its way through the system.  It might just get the attention of Congress.  The alternative to bankruptcy is always throwing the bill away and living on cash collected - which is likely less onerous a tax increase than austerity.  As for long term issues, like energy and sustainability, this is what control boards are really good at addressing (and getting the funds for).  Another instance where default is a good move.  If the Vultures get huffy, we can remind them that PR is part of the US and they had better not mess with the US.