George Pataki Says Puerto Rico Can Pay Its Debts

The video discusses the financial challenges faced by Puerto Rico, focusing on the concerns of bondholders who feel shortchanged. Despite Puerto Rico's fiscal ability to pay its debts, the presence of a Control Board appointed by the Obama administration has complicated financial agreements. The video highlights the impact of unpaid debts on credit markets and the ongoing bankruptcy situation, where legal obligations are not being met, leading to financial instability and legal disputes.

What is the main concern of the bondholders regarding Puerto Rico's financial situation?

• They are concerned about the environmental policies.

• They believe the government is spending too much on infrastructure.

• They feel they are not receiving their due payments.

• They are worried about the increase in taxes.

What is a consequence of not paying constitutionally obligated debt?

• Increased foreign investments

• Loss of access to credit markets

• Higher GDP growth

• Improved public services

Who appointed the Control Board that oversees Puerto Rico's finances?

• The European Union

• The World Bank

• The Obama administration

• The United Nations

What action did the Control Board take regarding agreements with bondholders?

• They delayed the agreements indefinitely.

• They approved all agreements.

• They ignored the agreements.

• They vetoed some agreements.

What is suggested regarding the Control Board's authority?

• To increase its power

• To reduce its budget

• To reconsider its authority

• To expand its jurisdiction