The Peter Schiff Podcast

Statehood Would Be a Step Down for Puerto Rico – Ep. 257

Summary: In Puerto Rico’s  recently held non-binding referendum on statehood, just 23% of the eligible voters who actually voted overwhelmingly chose statehood.  This would mean that Puerto Rico would keep its current debt and take on the $20 trillion U.S. national debt. This would offer the moral hazard of offering Puerto Ricans additional welfare benefits. […]

Statehood Would Be a Step Down for Puerto Rico – Ep. 257 Read More »