Friday, October 30, 2015

 

Puerto Rican Government


Puerto Rico is currently a self-governing commonwealth in association with the United States. Puerto Rico was ceded to the United States by Spain at the end of the Spanish–American War by the Treaty of Paris of 1898. Later, The Constitution of the Commonwealth of Puerto Rico was developed, which was bound to adhere to the postulates of the U.S. Constitution.

Puerto Rico's chief of state is the President of the United States of America, and head of government is the Governor of Puerto Rico, who is elected every four years in a general election. Because under the rule of the U.S, the president is involved in decisions regarding Puerto Rico. Various U.S. presidents have signed executive orders to help define, study, and generate activity regarding the political status of Puerto Rico.

The Puerto Rican debt crisis is an ongoing financial crisis related to the amount of debt owed by the government of Puerto Rico. The island has more than $70 billion USD of outstanding debt. This financial issue has caused Puerto Rico's government to adopt policies that will ideally reduce costs drastically, increase revenues, and spark economic growth so that it can better fund its debt obligations.
Overall the Puerto Rican government has a very similar layout in comparison to the United States . I would most definitely consider living under this government in the beautiful Puerto Rico.