Thursday, December 10, 2015

MORE ARTICLES ON US SENATE ACTIONS ON PUERTO RICO's ECONOMIC CRISIS

My Comments: 
It seems to be a general opinion in Washington and the US, that Corruption and the Governments of Puerto Rico are partly to blame for our economic crisis. They define the reasons as due to fiscal negligence and mismanagement. So Washington is going to propose to place someone (THEY TRUST) to supervise what happens with Puerto Rico from now on.. 

BINGO! Grassroots lobbying works!

Apparently our friends in the US Congress the Obama Administration have finally understood our position that you cannot place the "goats to watch the lettuce". 

En criollo: "No se puede poner el cabro a velar las lechugas" 
MJR

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Puerto Rico Hopes For Omnibus Relief
THE HILLBy Peter Schroeder - 12/09/15
"Officials from the island territory were in Washington again Wednesday, and again were urging lawmakers to pass legislation giving them the ability to declare bankruptcy on some of its billions of dollars in debt."

"But Republicans have been steadily skeptical about the need for bankruptcy, questioning the years of fiscal mismanagement and letting the territory shirk on previously established legal contracts."


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The Human Impact Of The Puerto Rico Debt Crisis
THE HILL
By Javier Ortiz - 12/09/15

"Plagued for decades with a spiraling fiscal crisis, massive out migration, unemployment rates of double the national average and a median income of less than half of mainland states, the situation is dire. ."

"Both Governor Padilla and Resident Commissioner Pedro Pierluisi testified that yes, Puerto Rico has mismanaged its finances and over-spent and over-borrowed. We all agree there is plenty of blame to go around. "


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