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"The Debt Is Not Ours"
erika p. rodriguez
Jul 31, 2015
With the release of the Anne Krueger Report that year, the economic formula to pay back the bondholders included a bundle of austerity measures that, according to some, could create a humanitarian crisis in the island. In the past six years Puerto Rico has seen its effect, ask anyone on the street, on the diaspora, or just read the headlines.
The hike in the sales tax from 7.5 to 11.5 percent, and as the cost of living continued to rise Puerto Ricans were barely managing. A sense of despair could be felt from the moment I stepped out of that plane.
