The Economy Recession Of America Essay

1214 Words Oct 19th, 2016 5 Pages
The economy recession Puerto Rico is facing is dragging the island to the worst it could have been in decades. A 70 billion in debt is sucking Puerto Rico in more problems, causing a decrease in jobs opportunities and increasing poverty, a society limited to expend even in essential, an exodus of professional and an increase of drug consumption, which all increases drug trafficking and crimes. In grand part this economic problem arises due to government agencies corruption and/ or misused funds provided to the island from USA, along with the termination of program that used to help to some extend Puerto Rico’s economy such as Section 936. This economy needs to be rectify to cut or improve those factors causing a bedlam of drug and homicide. Likewise, vigilant of the coast and break police corruption, which make a part of the problem are in needed of attention to prevent recurrence of homicide. To start fixing the economy problem, USA funding should be audit and budgeted by USA assignees (a financial control board, like the one done in 1990’ Washington DC crisis, comprehend of professional on the field from Puerto Rico as well as USA) for a certain amount of years, or until the crisis has being balance. Although the USA Congress has already passed to the hands of the president for approval the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), which is of similar concept, there are some factors that need to be taken in consideration. The act should…

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