Puerto Rico Risks Shutdown Awaiting Hurricane Funds

The video discusses the financial challenges faced by Puerto Rico, exacerbated by a hurricane and federal budget cuts. It highlights the uncertainty surrounding debt servicing and the impact of austerity measures on social services. The video also critiques President Trump's comments on potentially wiping Puerto Rico's debt and warns of creditor actions that may prioritize financial interests over public welfare.

What were some of the austerity measures mentioned that affected Puerto Rico before the hurricane?

• Increased funding for healthcare

• Introduction of new social programs

• Closing of schools and healthcare system collapse

• Expansion of educational facilities

Why did federal judges hire an expert in the context of Puerto Rico's financial situation?

• To increase the debt

• To close more schools

• To reduce the federal budget

• To independently assess available funds for debt payment

What was the main concern regarding the U.S. government's role in Puerto Rico's recovery?

• The privatization of public services

• The amount of money to be spent on restoring the economy

• The increase in taxes for Puerto Rican citizens

• The reduction of international aid

What did President Trump suggest about Puerto Rico's debt?

• It should be ignored

• It should be paid immediately

• It could be wiped clean

• It should be increased

What is the concern about creditors in relation to Puerto Rico's debt situation?

• They are trying to reduce the debt

• They are seeking to change statutes to favor financial interests

• They are donating money to Puerto Rico

• They are supporting public welfare initiatives