Nov 14, 2009 | Posted by: Upfront Yankee
Full story: www.prdailysun.com![]()
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Since: Dec 08
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The protesters planned to give a document to Pierluisi in which he could reject Article 3 of fiscal emergency law 7, which orders the mass dismissal of government employees, and promise to “establish a dialogue with the labor movement that produces viable and socially sensible alternatives to the fiscal difficulties Puerto Rico is facing.” --- AP / Daily Sun
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Puerto Rico had it too easy for the last few decades, and now it is paying the price. Unfortunately, I dont know if they knew how good they had it before naval base Roosevelt Roads was closed up. After the closure, higher taxes, a ''new'' sales tax, higher electric, water bills, increase in toll bridge tariffs, more drugs coming into the island, higher murder rates, higher crime, higher unemployment, investments in PR investments down, down down. Mass exodus of highly educated people leaving the island to find better opportunities in the USA
Sure, all of you will say the closure didnt bring down the island, but all this happened above after the closure of Roosevelt Roads. just my opinion...tjm |
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Judged:
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1 You are over-stating the significance of Roosevelt Roads Naval Station. Its presence on the island only generated about 400 million in the economy which had a 70 billion dollar GNP. The recession hit PR three years before it hit the mainland. It got worse when the U.S. recession finally hit. The financial meltdown and the U.S. recession are what worsened the PR economy which is almost wholly dependent on the U.S. economy. |
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When the base closed, it was a domino effect, the tax base decreased during the years after the base closed. Sure, the recession hit PR first, maybe because the base closed and with that, so many things. Didnt all what I wrote before happened after the base closed??? YES IT DID....is my opinion, but the evidence shows, that since the base closed, the island went to hell. |
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This stunt is just symbolism over substance, just symbolism over substance. I just feel sorry for the people who are being convinced that such actions actually accomplish anything.
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How much tax base can $400 million dollars generate? Certainly not enough to destroy PR's economy. |
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The closing of the base reduced funds directly and indirectly. There were direct employment of 2 thousand islanders on the base. The services provided by the local services and the town around lost a lot. The lack of support for the Army South while in Ft. Buchanan also lost millions to the island when they moved to San Antonio, Texas where they were welcomed with open arms. Lastly, no one wants to invest in Puerto Rico as in the past because the tax incentives 936 were taken away and the increase of shipping also went up between the island and the mainland. Why produce a product that is going to cost more when you can have it come up from Mexico or from a place that is cheaper to produce. The bases were not the main reason, but were just part of the problem the island is suffering now...lost of capital, reduction of income tax from local workers, patentes, and services that generated well over 400 million. |
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Yes I understand it was a "small" part of the local economy. That is my point. |
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