Puerto Rico Votes to Become 51st State

From Associated Press:

th-flagsPuerto Rico’s governor announced that the U.S. territory has overwhelmingly chosen statehood in a nonbinding referendum Sunday held amid a deep economic crisis that has sparked an exodus of islanders to the U.S. mainland.

Nearly half a million votes were cast for statehood, more than 7,600 for free association/independence and nearly 6,700 for the current territorial status, according to preliminary results. The participation rate was just 23 percent with roughly 2.26 million registered voters, leading opponents to question the validity of a vote that several parties had boycotted.

The economic crisis in Puerto Rico is the main driver here.

Puerto Ricans are fleeing the island nation at an alarming rate and it’s making their economic situation even worse.

Obviously, joining the United States would help that.

 

Full article: BREAKING: Will There Be a 51st State? The Votes Are In…

It would be great for them. Not sure how great it would be for the USA.

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Congress Prepares Puerto Rico Bailout as Island Governor Suspends Debt Payments

Congress is expected to begin consideration of federal legislation to grant Puerto Rico extraordinary powers to escape a looming debt crisis. The island territory, home to just 3 million people, is faced with a massive $70 billion debt burden.

During negotiations of the omnibus budget deal at the end of 2015, House Republican Speaker Rep. Paul Ryan promised House Democrat Leader Rep. Nancy Pelosi that Congress would consider legislation to grant the Island with bankruptcy protection from its debts. The tentative deadline to begin action was March 31.

The House Natural Resources Committee is drafting a rescue package for Puerto Rico. Hearings on the measure will begin this week. The House conservative Republican Study Committee blasted an early draft of the Puerto Rico legislation, calling it a “bankruptcy-style involuntary restructuring.”

“The discussion draft legislation regarding Puerto Rico’s fiscal situation includes provisions that essentially provide for a federally forced restructuring the island’s debt,”

Rep. Bill Flores, Chair of the RSC, said in a statement. “This approach is inconsistent with the Republican Study Committee’s position on this issue.”

The island and its supporters in Congress are seeking legislation to grant the territory access to federal bankruptcy courts to unload some of its debt. Currently, Puerto Rico is prohibited from seeking debt relief through bankruptcy.

Source: Congress Prepares Puerto Rico Bailout as Island Governor Suspends Debt Payments – Breitbart