For Puerto Rico: Taxpayer Bailout, No; Control Board, Yes

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This is an opinion item.

Author(s) Investor's Business Daily editorial board
Source Investor's Business Daily
Date April 13, 2016
Quotes-start.png A bill in Congress would create a financial control board to take charge of Puerto Rico’s finances and budget. This is a model that helped Washington, D.C., to recover when it faced a similar stage of financial crisis. A control board also worked well in managing Detroit’s bankruptcy. Also, and this is key, the financial control board is not a taxpayer bailout of Puerto Rico. Quotes-end.png

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This item argues against the position United States should bail out Puerto Rico 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.