Protesters gather April 30 Outside of Puerto Rico's Capitol building in San Juan to oppose Gov. Alejandro Garcia Padilla's budget proposal. The plan would raise taxes to help cover the state's massive debt. Ricardo Arduengo/AP hide caption itoggle caption Ricardo Arduengo/AP Economy In Puerto Rico's Debt Crisis, There Are No Easy Solutions After years of recession and rampant tax evasion, the U.S. territory is desperate to renegotiate its $73 billion debt. But it can't declare bankruptcy, and plans to raise taxes face strong resistance.