My Home Is Not Only Where You Vacation | The Odyssey Online
Start writing a post
Politics and Activism

My Home Is Not Only Where You Vacation

A tropical tale of corruption, debt, and the beach.

11
My Home Is Not Only Where You Vacation

It's true, Puerto Rico is very nice this time of the year. It is also true is that the small strip of land I call home is sinking under the weight of an overwhelming 73 billion-dollar debt. But, you know, most would consider this a minor 'detail.' The truth of the matter is that the recently popular debt crisis has been a factor for the Puerto Rican people that has been spiraling out of control for years now. By no means are we dealing with a minor detail. But what does this mean for mainland US citizens? Well, quite a lot, to be precise.

For starters, the island is no stranger to mainland US investors and businesses. As the New York Times eloquently noted, "much of Puerto Rico's debt is widely held by individual investors on the United States mainland, in mutual funds or other investment accounts, and they may not be aware of it." So, in other words, "virtually all of that $73 billion is held by the U.S." To fix this we just need our fellow citizens to conscientiously help us through the process of balancing out our checkbook. The first step could be as simple as allowing the island to access Chapter 9 bankruptcy.

The solution to the problem is so simple that even Germany's Minister of Finance, Wolfgang Schaeuble, said that he would gladly settle Puerto Rico's crisis in exchange for the US to take Greece's. Schaeuble, however, noted that Jack Lew, United States Secretary of the Treasury, who had previously referred to the island's bonds as "the junkiest of the junk," thought it was nothing more than a joke. And that is precisely the problem, PR's debt crisis is no joke and has the potential to affect mainlanders as much as islanders.

Still, there is one major aspect, aside from the shared economic weight, that most mainlanders are forgetting to acknowledge: Puerto Rican opinions have the power to shape mainland United States' politics. The Washington Post recently provided a very real approach to Puerto Rican presence in politics. They found that "Puerto Rico has its own voice at nominating conventions, with more delegates at the Democratic National Convention than 21 states. And 1 million Puerto Ricans live in Florida, enough to be the swing vote in one of the nation's most important swing states." Even former White House adviser on Puerto Rico under Presidents Jimmy Carter and Bill Clinton, Jeffrey Farrow, acknowledges the political power that Puerto Ricans hold. He even said that "during the last campaign, it was called the swing vote from the swing state." Statistically, Jeffrey Farrow's words have been proven time and time again. For example, a firm that analyzes Latino votes found that "Puerto Rican voters in Florida went 72 percent for Obama over Mitt Romney in 2012." And we all know how that one turned out.

As a result, it doesn't come as a surprise that presidential candidates for these upcoming elections have been very active and outspoken about the situation. Candidates like Jeb Bush, Hilary Rodham Clinton, Marco Rubio and Bernie Sanders have openly discussed their opinions in regards to Puerto Rico's debt crisis. But what is astonishing about their remarks is that they all focus on the same conclusion: "Puerto Rico's debt crisis is not theirs alone."

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Featured

15 Mind-Bending Riddles

Hopefully they will make you laugh.

190630
 Ilistrated image of the planet and images of questions
StableDiffusion

I've been super busy lately with school work, studying, etc. Besides the fact that I do nothing but AP chemistry and AP economics, I constantly think of stupid questions that are almost impossible to answer. So, maybe you could answer them for me, and if not then we can both wonder what the answers to these 15 questions could be.

Keep Reading...Show less
Entertainment

Most Epic Aurora Borealis Photos: October 2024

As if May wasn't enough, a truly spectacular Northern Lights show lit up the sky on Oct. 10, 2024

15130
stunning aurora borealis display over a forest of trees and lake
StableDiffusion

From sea to shining sea, the United States was uniquely positioned for an incredible Aurora Borealis display on Thursday, Oct. 10, 2024, going into Friday, Oct. 11.

It was the second time this year after an historic geomagnetic storm in May 2024. Those Northern Lights were visible in Europe and North America, just like this latest rendition.

Keep Reading...Show less
 silhouette of a woman on the beach at sunrise
StableDiffusion

Content warning: This article contains descriptions of suicide/suicidal thoughts.

When you are feeling down, please know that there are many reasons to keep living.

Keep Reading...Show less
Relationships

Power of Love Letters

I don't think I say it enough...

458025
Illistrated image of a letter with 2 red hearts
StableDiffusion

To My Loving Boyfriend,

  • Thank you for all that you do for me
  • Thank you for working through disagreements with me
  • Thank you for always supporting me
  • I appreciate you more than words can express
  • You have helped me grow and become a better person
  • I can't wait to see where life takes us next
  • I promise to cherish every moment with you
  • Thank you for being my best friend and confidante
  • I love you and everything you do

To start off, here's something I don't say nearly enough: thank you. Thank you, thank you, thank you from the bottom of my heart. You do so much for me that I can't even put into words how much I appreciate everything you do - and have done - for me over the course of our relationship so far. While every couple has their fair share of tiffs and disagreements, thank you for getting through all of them with me and making us a better couple at the other end. With any argument, we don't just throw in the towel and say we're done, but we work towards a solution that puts us in a greater place each day. Thank you for always working with me and never giving up on us.

Keep Reading...Show less
Lifestyle

11 Signs You Grew Up In Hauppauge, NY

Because no one ever really leaves.

26715
Map of Hauppauge, New York
Google

Ah, yes, good old Hauppauge. We are that town in the dead center of Long Island that barely anyone knows how to pronounce unless they're from the town itself or live in a nearby area. Hauppauge is home to people of all kinds. We always have new families joining the community but honestly, the majority of the town is filled with people who never leave (high school alumni) and elders who have raised their kids here. Around the town, there are some just some landmarks and places that only the people of Hauppauge will ever understand the importance or even the annoyance of.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments