TravelTalkOnline Forums Travel and Vacation Forums US VI and Puerto Rico $6.5B Debt for 100K Residents of Virgin Islands

Sounds like the USVI government is facing a serious fiscal challenge:

After Puerto Rico’s Debt Crisis, Worries Shift to Virgin Islands

Dan

Roughly the same as the National Debt for the US.

$20T/400M = $50,000

$6.5B/100K = $65,000

USVI heading down the crapper soon. Might be easier to give them back to Denmark.

and get free health care? <img src="http://www.traveltalkonline.com/forums/images/graemlins/toast.gif" alt="" /> <img src="http://www.traveltalkonline.com/forums/images/graemlins/toast.gif" alt="" />

And for an alternate point of view:

Barbadian Economist Says U.S. Virgin Islands On Track To Fiscal Stability

Dan

Except the population of the USA is 321 million, not 400.

I'm sure Twanger estimated the illegal and refugees in the 400 figure.

VI: $6.5B / 100K = $65,000
2013 GDP / person= $36,000

US: $20T / 320M = $62,500
2013 GDP / person= $52,500

I know this will come as a shock, but the island has a spending problem not a revenue problem.

The per person revenue from local and state taxes is $5,000 per person average in the United States. This year the island will take in 900 million dollars. That comes to $9,000 per person.

I haven't visited yet. My trip is scheduled for later this year. Given all that money, I imagine the streets are lined in gold.

If not gold streets, will I see massive infrastructure like New York City or Washington DC or Los Angeles?

If not, where has all the money gone? Plus there seems to be a lot of borrowing going on.