John Oliver brings out Hamilton creator to explain why you should care about Puerto Rico's debt crisis


Puerto Rico has been touted as an American vacation destination for decades, John Oliver said on Sunday's Last Week Tonight, showing some vintage promotional reels with a saucy edge. But today, "Puerto Rico is currently about $70 billion in debt, and it is wreaking havoc on the island," Oliver said. "And remember, Americans have a personal stake here," he said. "Puerto Ricans are American citizens," and their ranks include a bunch of famous people, including a Supreme Court justice, sports icons, and Lin-Manuel Miranda, whose musical Hamilton just won a Pulitzer Prize.
"We don't need to settle tonight the question of Puerto Rican statehood," Oliver said, noting that many Puerto Ricans disagree on the issue, "but one thing is for sure: Because it's a territory, many laws that apply to the states have loopholes concerning Puerto Rico, and as you will see time and time again in this piece, those little legal quirks have had massive consequences, some good but many utterly devastating."
In his wonky, profanity-laced, comedic way, Oliver walks viewers through a few court cases, tax breaks given and taken away, recession and desperate measures, an "addiction" to municipal bonds, and the mystery of a provision in a 1984 law that prevented Puerto Rico from seeking Chapter 9 bankruptcy protection, courtesy of Sen. Strom Thurmond (R-S.C.). And now there's the Zika virus. "It's like the island is being hit by all the plagues that God felt were too 'thinky' for the Bible," Oliver said.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
But even though "vulture" hedge funds are circling the island, there is some good news, he said. Congress is considering a bipartisan bill that would "give Puerto Rico some breathing room to negotiate with creditors" — if a coordinated smear campaign doesn't sink it. "The point is, 3.5 million Americans are facing a dire crisis right now, and the clock is ticking," Oliver said. And if, after 20 minutes, he has failed to make you care, he brought out Miranda to perform a new song in which he promises — and this is true — to perform Hamilton at House Speaker Paul Ryan's house. Watch below, though be warned: There is some NSFW language. Peter Weber
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Video games to play this summer, from Mario Kart World to Shinobi: Art of Vengeance
The Week Recommends Nintendo launches the Switch 2 with an exclusive 'Mario Kart' entry, and Sega revisits an arcade classic
-
Sudoku medium: June 12, 2025
The Week's daily medium sudoku puzzle
-
Sudoku hard: June 12, 2025
The Week's daily hard sudoku puzzle
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores