The Groupthink of Puerto Rico's Economic Crisis

Puerto Rico, as you may have heard, is in financial shambles. It's been battling an economic downturn, it labors under a Rube Goldberg-ian system of fiscal relationships to the U.S. mainland, and it faces over $70 billion in looming debt repayments — a staggering 89 percent of its personal income. (The average ratio for a U.S. state is 3.4 percent.) The territory may face "a humanitarian crisis as early as this winter," an anonymous White House source told The New York Times.