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News Link • Government Debt & Financing

Legalize Prostitution or Marijuana? Puerto Rico Is Looking for Ideas to Solve Debt Crisis

 Those numbers aren't a good sign for any area of the United States, least of all an island whose name translates to “Rich Port.” But after years of recession, Puerto Rico's debt crisis finally seems to have reached a day of reckoning.

Officials have opened a public campaign to field ideas for how to fix the crisis once and for all.

A government website is accepting suggestions, and close to 400 ideas have been submitted. At least 150 have been accepted by a government committee for consideration. Among the ideas to be considered are calls legalize marijuana and prostitution, and to drastically cut back the amount of public holidays that workers on the island celebrate.

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