Venezuela is Cuba's Colony

Wednesday, January 29, 2014
Venezuela's government will allow the country to implode rather than upset its rulers in Havana.

From El Nuevo Herald:

Oil income is no longer sufficient to guarantee the supply of bread and medicines in Venezuela, and the government of Nicolas Maduro has been forced to devalue the bolivar and further limit Venezuelan's access to dollars. But there's one area that the "chavista" leader doesn't dare cut: the massive [oil] subsidy to the Cuban economy.

The economic crisis that has engulfed Venezuela, with its oil income insufficient to cover the needs of the country, has led the government to cut the national budget by 63% in real terms [...]

But the subsidy of over 100,000 daily barrels and other support for Cuba, worth more than $6.5 billion a year, remains intact, raising questions about what are the real priorities of "chavismo."