Economy

Puerto Rico Governor Ricardo Rossello addresses the audience while presenting the U.S. territory's $9.6 billion budget for fiscal 2018 at the Legislative Assembly in San Juan, Puerto Rico May 31, 2017. REUTERS/Alvin Baez - RTX38GG3

Cal Thomas: Puerto Rico's sorry state

The Commonwealth of Puerto Rico is drowning. The island, so popular with tourists, is $123 billion in debt. That’s more debt than the $18 billion bankruptcy filed by the city of De...