Don’t reward mismanagement

This is an opinion item.

Author(s)	Dominic Frederico
Source	USA Today
Date	April 12, 2016
URL	http://www.usatoday.com/story/opinion/2016/04/12/puerto-rico-mismanagement-assured-guaranty-editorials-debates/82954820/
Quote	In order to access attractive rates, Puerto Rico made certain commitments to investors. Now it wants to change the rules after the fact. Federal intervention to retroactively change the legal rules would reward bloated spending in Puerto Rico and spill over into increased debt costs for state and local governments around the country. This, in turn, would adversely impact the ability of municipalities to raise capital for infrastructure and other needs.

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This item argues against the position Puerto Rico should be allowed to declare bankruptcy on the topic Puerto Rican government-debt crisis.

This item argues for the position Puerto Rico should be managed by a financial control board on the topic Puerto Rican government-debt crisis.