La deuda fiscal y PROMESAFiscal Debt and PROMESA
Paco al momento de la primera entrevista, 2023 · Paco at the time of the first interview, 2023
El problema [de la deuda fiscal y PROMESA surge] básicamente es el consumo. Se trata de consumir por encima de los niveles de ingresos que se generan, y eso utiliza que hay que ir a los mercados de afuera, de aquí, pero de afuera también, para financiar básicamente el consumo, la calidad del consumo, tanto industrial como residencial, etc. Nosotros estamos en una economía libre, por lo tanto las decisiones individuales son las que movilizan lo que sucede.
Puerto Rico ha decidido consumir, pues consume. Ha decidido producir, pues produce. Eso no es otra cosa que el desarrollo normal de las decisiones individuales y a nivel comunitario.
[With fiscal debt and PROMESA,] the problem is basically consumption. It is a matter of consuming above the levels of income that are generated, and that means one has to go to the outside markets — from here, but from abroad as well — to finance, basically, consumption: the level of consumption, both industrial and residential, and so on. We are in a free economy; therefore, individual decisions are what set in motion whatever happens.
Puerto Rico has decided to consume, so it consumes. It has decided to produce, so it produces. That is nothing other than the normal working-out of individual decisions and at the community level.