As Congress wrangles over raising the debt ceiling, and the so-called "great recession" (in Puerto Rico it's officially the "great depression") continues, the fact is that there is no silver bullet which can solve all these economic problems. Gov. Fortuño argues that his fiscal plan has now put the Puerto Rico's economy on the right path, but didn't quite address why the island's unemployment rate remains staggeringly high (it varies between 15% to 17%), and why GDP growth remains negative. This truly can't be what McClintock referred to as the "Caribbean miracle."
Perhaps it is somewhat of a "miracle" that things haven't drastically worsened since the Fortuño administration's implementation of the infamous fiscal emergency law (aka "Ley 7"). Many do agree that the public sector needed to be trimmed down, but it has most certainly come at a great cost. Take, for example, goverment services. It has been estimated that in 2009, the Department of Family was unable to investigate over 27,000 child abuse cases. Officals claim that there aren't enough social workers working at the deparment. Simply said, to call Puerto Rico's economic situation a "miracle" is utterly preposterous.