Congress Tells Debt Stricken Puerto Rico #NOPE To Their Request For Help With Their Financial Crisis
Republican leaders in Congress told Puerto Rico’s nearly bankrupt government to drop dead on Tuesday.
Despite feverish efforts by the White House and congressional Democrats to insert a provision into the federal spending bill that would allow the Caribbean island territory to tackle its massive $72 billion debt through bankruptcy restructuring, top Republicans in the Senate scuttled it at the last minute.
Their refusal now leaves Puerto Rico just two weeks away from the biggest municipal bond default in American history.
“The hedge funds won, they got their way in Congress,” said Richard Ravitch, New York’s former lieutenant governor.
More at the source: http://www.nydailynews.com/news/politics/gop-puerto-rico-drop-dead-article-1.2467183
As a Puerto Rican currently living in a country where we are American citizens yet receive basically no respect from the USA, I am furious. Our financial crisis has been a combination of US policies that have fucked us over plus decades of corrupt and inept governments. I am furious! We are good enough for medical testings, to fight your wars and send you billions every year in taxes, yet when the shit hits the fan we can't get any type of relief or help. This is causing massive immigration by our professionals with the skills to help get our country back on its feet. Everyone is leaving and it's depressing to think I'll have to do it too. I love my country and we deserve better! Fuck you, USA Congress and Senate!
Also, this article explains why the USA government is involved in this mess and needs to help Puerto Rico. http://www.bloombergview.com/articles/2015-10-29/puerto-rico-s-debt-crisis-is-kind-of-congress-s-fault