See: The Problem With Puerto Rico
"Puerto Rico to lay off 16,000 workers" by Associated Press | September 26, 2009
SAN JUAN - Puerto Rico’s government announced yesterday that it will lay off more than 16,000 public workers in the US Caribbean territory, adding to an unemployment rate higher than that of any US state.
The government hopes the layoffs will help close a $3.2 billion deficit. The island is struggling through its third year of recession and a 15 percent unemployment rate. Union leaders announced an island-wide strike in protest on Oct. 15.
That's what you need, America -- except you need one until this tub of an empire turns around. Odd. In many ways, it began right down there in 1898.
The layoffs of 16,970 employees are needed to prevent the government from shutting down and sinking the island’s credit, said Carlos Garcia, president of the Government Development Bank of Puerto Rico....
Yeah, that's the MOST IMPORTANT THING: how you look to BANKERS!
