This year, 2016, marks a new era in Caribbean colonialism.
The US Congress is preparing a "Financial Control Authority," which will supervise the finances of the entire government of Puerto Rico -- its legislature and courts, public authorities, pension system and all leases, union contracts and collective bargaining agreements. The authority will also restructure the entire public workforce (including teachers and police), freeze public pensions and ensure "the payment of debt obligations." Then it will issue its own debt, spend the funds as it sees fit and leave Puerto Rico to pay the bill. Read more.