The island of Puerto Rico, a Caribbean Island, a seductive island, a welfare island. Puerto Rico is all of these. They are bankrupt, seeking relief from 123 billion dollars in debt; 3 million of their citizens have lived the good life on our dime. Their creditors have been fleeced. For the past thirty years the island’s people have sucked the economy dry by borrowing to the hilt. Now they don’t want to pay. Like Greeks who think it is right to scam their creditors THEY HAVE NO SHAME. One may ask where did the money go? Down the drain. The government payed people not to work, in fact 41% of the workers were government employees.
PUERTO RICO THE SOCIALIST PARADISE OF THE CARIBBEAN DROWNING IN DEBT
The Greek debacle has been the focus of late on its on again-off again debt restructuring, but that doesn’t mean that the troubles in Puerto Rico are playing second fiddle. Puerto Rico is on the hook for close to $100 billion. That is a boat load of pina coladas. 
Just in case you haven’t been initiated in the Puerto Rico way of doing business we bring you their number one life saver, welfare and social security. Puerto Rico is a disability fraud paradise. The top 10 U.S. zip codes tied to people receiving disability benefits, nine are in Puerto Rico. 
The sharks are circling the waters in the hope of default if and when it happens. The rich island has a dark journey ahead, tourism is in the tank, the economy is in a perpetual depression, drugs are rampant and most of all the government will not do what needs to be done; cut bait.
But Puerto Rico is part of the United States and is a metaphor for liberal bastions like Illinois and Connecticut, both drowning the sea of debt. Utmost on the minds of the Puerto Rican is not the rising sea levels, but their share of the islands IOU’s. By the way, in case you didn’t notice, Puerto Rico has a population similar to Connecticut, 3,5 million or simply put a debt of $22,000 for each of its citizens. And true to form the Commonwealth’s economy has slowly reached the point of no return being sucked down by a giant whirlpool, even Captain Nemo can’t save this one.
