Dave Lindorff – Washington and Wall Street to Puerto Ricans: Drop Dead!

You can read the entire article in the New York Times Tuesday business section reporting on Puerto Rico’s default on a payment on its staggering $72 billion debt without once learning that the little Caribbean island, home to 3.5 million US citizens, is a territory of the United States, or more properly, a colony, insofar as its residents have no representation in Washington, cannot vote for national candidates for office, and furthermore, are subject to US federal courts, whose judges are all appointed by the federal government.

At least USA Today made the story its page one lead, instead of just a business story, but it too just notes that the island is a “commonwealth” and that as such it cannot be bailed out as Greece hopes to be, by such international bodies as the International Monetary Fund (IMF) or the European Union. The meaning of the term “commonwealth” is not defined.

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