barriomulas.com - Willie on Federal Dependency

Caguas Mayor and potential future candidate for Governor Willie Miranda Marin has recently proposed a fascinating course of action towards Puerto Rican autonomy and economic self sufficiency. Miranda Marin proposes the creation of the "Self-Sufficient Puerto Rican Permanent Escrow", an agreement between the U.S. and Puerto Rico where the $6 billion spent on federal funds would be re-channeled towards a block grant for the creation of self-sufficiency projects and programs. The grant would total 20 years worth of federal funds.

Willie states: "Federal tax incentives, of which we counted on to boost our economy, have also attributed to this mental dependency... Puerto Rico would stop receiving these funds like it receives them now... instead of fomenting dependency, these funds would work on fomenting self-sufficiency..."

UPDATE: I found an online copy of Caribbean Business' coverage of Miranda's proposal.