Hurricane Maria’s devastation is still front and center in Puerto Rico where an island-wide blackout triggered a power line failure in the south yesterday, reports the WSJ. “It is the latest in a string of blackouts that have plagued Puerto Rico in the wake of last year’s hurricanes, which wiped out power to the entire island and severely damaged the antiquated power grid.”
Remember when Puerto Rico’s municipal bonds were being sold by hucksters as a “fail safe” investment? I do. That’s why it’s crucial for anyone who thinks this could never happen to them to remember that there’s trillions of dollars of mismanaged pension debt at the state level. Continue preparing your family for tough times ahead by securing your peace of mind on the home front—especially if you live in a state mismanaged like Puerto Rico.
