Commonwealths 72 billion debt. Despite this legislative action, puerto rico was not able to honor all of its debt obligations has defaulted now for a fourth time. Many critics of the bill say it still wont be enough to save the island. And here to talk more about this this morning, lydia valencia, c. E. O. And president of the Puerto Rican Congress of new jersey, and franklyn p . Rez from the National Puerto rican agenda. Promesa. . Le gusto o no . Its its necessary its far from perfect. Its very far from perfect. Yes, i think well all agree on that. I think that that is something that we can all agree on. What are the, in a nutshell, some of the issues that you have with it immediately, off the top of your head . I dont have so much of a problem with an oversight board. Yes. I do have a problem when its a control board. Okay. And, also, the fact that it doesnt have any guarantees that i think that that would play a very large role in its implementation. Franklyn, same question. I am t
What actually happens when you have a small startup. The conversation around the board table every single month is about the burn rate and that is about not hiring too many people because youll run out of runway before you get the product built and Revenue Generating profit. So, theres never a conversation about it would be really good if we could employ a few more people. Thats only a consequence of achieving that hyper growth sometimes, once anyway great while. Ive heard someone say theres a kernel of truthd about this ive heard people say the u. S. Has the very best incentives, comparatively speaking, until recent things like patent boxes and the rest of the world great incentives to do the research in the United States. We can weak incentives of employment and very weak incentives of profits. All the incentive structure in our tax law and a whole bunch of other thing sincere yes yes, yes, locate around great universities and start the google, apples, everything there. Dont worry to