US Congress and Presidential Neglect have been destroying Puerto Rico

Blog the Debt

Census: Puerto Rico Population Down 10%

Posted: 23 Dec 2015 09:38 AM PST


by Greg Williams

The United States Census Bureau announced that Puerto Rico’s population dropped nearly 10% over the past ten years. The island’s population was at 3.8 million in 2004 but is now estimated at less than 3.5 million. Of the 330,000 people who left, the majority left in the past five years. The US territory is embroiled in financial crisis and according to the island’s Governor, Puerto Rico could default on its $72 billion debt in January or May.

“The Census numbers reflect how deeply the crisis is hurting the millions of Americans who call Puerto Rico home,” said Eric LeCompte, executive director of the religious development group Jubilee USA. “Nobody should have to leave their family and community behind out of desperation.”

According to the Census Bureau’s report, the only US state to lose population over the past five years was West Virginia, which lost less than 20,000 residents compared to Puerto Rico’s 251,975.

Congress is currently debating laws to address Puerto Rico’s debt crisis. Speaker Paul Ryan promised the House of Representatives would address the crisis by March. Various observers note that the US Treasury and Federal Reserve ‎also have tools to intervene in the growing economic crisis.

“The US Government needs to act immediately,” noted LeCompte. “With no action, Puerto Rico’s crisis deepens every day.”

Read the latest Census Bureau report.

Read a timeline of Puerto Rico’s debt crisis.

Top 10 Jubilee Moments of 2015: Day 2

Posted: 23 Dec 2015 08:35 AM PST

This was a big year for us at Jubilee USA. Once a day for each of the remaining days of 2015, we’ll share the biggest stories of the year. Check in every day to see our Top 10 Moments of 2015.

# 10 Jubilee Moment Pope Francis endorses a global bankruptcy process, saying, “if a company can declare bankruptcy, why can’t a country do so?”

# 9 Jubilee Moment We welcome six new organizations into our national coalition. We’re so honored to partner with the Church of the Brethren, Sisters of the Good Shepherd, Muslim Public Affairs Council, Oxfam America, Jubilee Bay Area and Islamic Relief USA to build an economy that leaves no one behind.

About eslkevin

I am a peace educator who has taken time to teach and work in countries such as the USA, Germany, Japan, Nicaragua, Mexico, the UAE, Kuwait, Oman over the past 4 decades.
This entry was posted in Uncategorized. Bookmark the permalink.

1 Response to US Congress and Presidential Neglect have been destroying Puerto Rico

  1. javalizard says:

    Excellent work. Jubilee would be really nice to see globally, for countries and humans. In the mean time, we must use their own legal codes and laws in our favor, just as they use the matrix system in their favor.

    We are all able to issue our own “bank notes” called negotiable instruments. After observing the tragedy that is Puerto Rico (with it’s debts), this World Citizen decided to bail out the Puerto Rican Nationals. This is the easiest resolution to a complex issue: Issue our own debt.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.