Puerto Rico, wealth redistribution and a needed control board

Puerto Rico, wealth redistribution and a needed control board-thehill: The Puerto Rico debt mess now has arrived on Congress's agenda, a sure sign that some perceive gains from politicizing it. "Politicizing it" means using the issue to transfer wealth to favored constituencies. Since the commonwealth must restructure its massive $73 billion debt — Puerto Rico is the third-largest issuer of municipal bonds in the U.S. — the competition is on to see which groups will be left to endure more fiscal pain than others.