- Alice Stewart: Puerto Rico needs a common sense and transparent restructuring and repayment plan
- That is best achieved through negotiations with creditors, she says
Alice Stewart is a CNN political commentator and former communications director for Ted Cruz for President. The views expressed in this commentary are solely her own.
(CNN)The perils of progressive policies are on full display in Puerto Rico. On the brink of economic collapse, bankruptcy proceedings began Wednesday after Gov. Ricardo Rossello filed for Title III Bankruptcy protection in the biggest municipal bankruptcy filing in US history. This is what happens when a bloated government is left unchecked. Economic uncertainty has caused the population in the island territory to plummet from more than 5 million people to 3.4 million.