You Make a Difference! Our mission and operations are funded entirely by Patriots like you! Please support the 2024 Year-End Campaign now.

November 17, 2011

Puerto Rico’s Revival

SAN JUAN, Puerto Rico – Since the congressional super committee appears unable, or unwilling, to take a lesson from Indiana or Virginia – where Republican governors have made spending cuts and delivered budget surpluses without damaging the social safety net – members might wish to consider Puerto Rico and what its governor, Luis Fortuno is doing.

Fortuno is Puerto Rico’s first Republican governor in 42 years. In 2009 when he took office, the U.S. territory had a $3.3 billion budget deficit. Three years earlier, Moody’s Investors Service downgraded the commonwealth’s bond rating to junk status while in deep recession.

SAN JUAN, Puerto Rico – Since the congressional super committee appears unable, or unwilling, to take a lesson from Indiana or Virginia – where Republican governors have made spending cuts and delivered budget surpluses without damaging the social safety net – members might wish to consider Puerto Rico and what its governor, Luis Fortuno is doing.

Fortuno is Puerto Rico’s first Republican governor in 42 years. In 2009 when he took office, the U.S. territory had a $3.3 billion budget deficit. Three years earlier, Moody’s Investors Service downgraded the commonwealth’s bond rating to junk status while in deep recession.

“Like Virginia Governor Bob McDonnell and Indiana’s Mitch Daniels, Fortuno is turning the economy around by cutting government spending 20 percent overall, which has lowered the deficit by 81 percent. He eliminated more than 20,000 government jobs, reformed government services, trimming costs, and cut operational spending 10 percent, eliminating official vehicles, cellphones and credit cards.”

Following five years of recession, the commonwealth’s economy is showing signs of recovery. Moody’s took notice, upgrading Puerto Rico’s bond status to A3, its highest rating in 35 years. Standard and Poor’s raised its outlook on Puerto Rico’s credit from “stable” to “positive.” It is Standard and Poor’s first positive review since 1983.

Over the next six years, newly implemented tax cuts will return $1.2 billion to those who earn the money. Added to this is a 7 percent tax credit for corporations and a reduction in the corporate tax rate from 41 percent to 30 percent.

As for “infrastructure” about which President Obama so often speaks, according to the governor’s office, Puerto Rico has created an “aggressive public-private partnership law to encourage private investment and bring efficiencies to schools, roads, airports and water and energy projects.”

What’s not to like about this? It produces results Democrats say they want, especially infrastructure, and it does it with economic policies Republicans endorse.

In an interview in his office, located inside La Fortaleza (The Fortress), one of the few medieval castles remaining in the Americas, I asked Governor Fortuno what advice he would offer his fellow Republicans on illegal immigration and how to win more Hispanic votes.

“I think the Republican Party has done an awful job handling this issue,” he says. “It makes no sense for us not to bring more Hispanics into the party because Hispanics are naturally conservative. The tenor of the public discourse surrounding this issue has sounded anti-Hispanic at times.”

What would he recommend to change the tone?

“First, show up; show respect. Most Republican candidates don’t do that. They talk about 15-foot fences and then try to address the issues of greatest concern in the Hispanic community. They are no different from other communities most of the time. On immigration, Republicans say, ‘we want legal immigration and we are the country, thanks to legal immigration,’ so we need to try to address this issue with a different tone than we’ve had so far.”

Another issue: What about Cuba’s post-Castro future?

Fortuno thinks any resumption of relations between the United States and the communist nation should be conditioned on an improvement in human rights, which he says are “grossly” violated by the Castro brothers.

What about the growing relationship between Venezuela and Iran?

“Daily flights,” the governor interrupts.

What can the U.S. do to lessen Iran’s influence in the region?

“Energy is the big issue,” he says. “As I travel and talk with leaders, they feel the U.S. has not helped them sufficiently to fill their energy needs. Economic development is the only way to address (Iran’s influence). Each country has its own challenges, but the U.S. needs to help fill that economic void and if we don’t, others will.”

The 51-year-old governor is handsome and charismatic.

He’ll need that and more to win re-election in 2012. While Fortuno is gaining ground in popularity after the massive government layoffs (he now trails his likely Democratic opponent by single digits), changing from a dependency culture to one of personal responsibility takes time.

Maybe the super committee should visit San Juan. A little face time with Luis Fortuno might improve the group’s chances of a debt resolution.

© 2011 TRIBUNE MEDIA SERVICES, INC.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.