In an op-ed on the Puerto Rican debt crisis published March 20 in Fox News Latino, Public Policy Ph.D. student Justin Vélez-Hagan argues default will be inevitable as a more than $1 billion deficit is expected to round out the current fiscal year. Vélez-Hagan is also executive director of the National Puerto Rican Chamber of Commerce. “Puerto Rico’s well-known dependency on credit first made public waves when every credit-rating agency gave Puerto Rico a vote of no confidence last month, citing major liquidity concerns as the biggest culprit for the downgrades,” Vélez-Hagan writes. To dig itself out of the debt crisis, Vélez-Hagan adds: …