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Strangling Puerto Rico in Order to Save It

By Mark Weisbrot / Center for Economic and Policy Research.
A Congressional board’s remedy for Puerto Rico’s financial ills will only deepen the island’s impoverishment for decades.
The United States invaded Puerto Rico in 1898 and took it from Spain. Although the residents became United States citizens in 1917, the island’s colonial status has been a locus of political debate and struggle for most of its subsequent history.