Become a digitalPLUS subscriber. 99 for 4 weeks.

Topics

Luis Fortuno
Supercommittee should take a look at the Puerto Rican miracle
Supercommittee should take a look at the Puerto Rican miracle

Since the congressional supercommittee appears unable, or unwilling, to take a lesson from Indiana or Virginia -- where Republican governors have made spending cuts and delivered budget surpluses without damaging the social safety net -- members might wish to consider Puerto Rico and what its governor, Luis Fortuno is doing. Mr. Fortuno is Puerto Rico's first Republican governor in 42 years. In 2009 when he took office, the U.S. territory had a $3.3 billion budget deficit. Three years earlier, Moody's Investors Service downgraded the commonwealth's bond rating to junk status while in deep recession. Like Virginia Governor Bob McDonnell and Indiana's Mitch Daniels,...

Loading