Like Countable?

Install the App
TRY NOW

house Bill H.R. 4900

Does Puerto Rico Need Help Curbing its Debt Crisis and Boosting the Economy?

Argument in favor

This bill offers the best path forward in resolving Puerto Rico’s debt crisis without a bailout or financial market turmoil. It provides Puerto Rico with a process to collaboratively restructure its debt with creditors, and enacts reforms to boost the economy.

···
04/19/2016
“Right now in Puerto Rico, the government is struggling with an unsustainable amount of debt… These creditors must be forced to negotiate a debt repayment plan that is fair to both sides – the people of Puerto Rico deserve nothing less.”
 [berniesanders.com]
Like (94)
Follow
Share
Emily's Opinion
···
04/15/2016
Puerto Rico is a Territory of the United States, although they are still required to abide by most rules and do pay taxes, they do not have the ability to seek out loans and don't have access to the same resources as a state. Truly, the best option would be to make it a full state with all the rights they deserve and have earned,
Like (15)
Follow
Share
Alis's Opinion
···
04/23/2016
We broke it, we bought it. (To quote Steven, who is absolutely correct.) Fix this. These are Americans--let's not turn PR into another Detroit/Flint & perpetuate a situation that will harm the citizens of PR but not the incompetent politicians & oligarchs who caused the problem. NOTE: the hedge funds are circling & people are dying. Get off your lazy self-righteous Congressional butts & fix this! These are citizens of the United States. Not that it counts for much these days. When did it become your job to sell out citizens for your own comfort? The day you decided to run from office or the day you were elected? SHAME ON YOU ALL!!
Like (8)
Follow
Share

Argument opposed

The Oversight Board this bill creates would have too much control over Puerto Rico’s finances, and if it sides with creditors in negotiations then the Puerto Rican government may not receive as much debt relief as it needs. This is a bailout by another name.

operaman's Opinion
···
04/15/2016
Absolutely no! Puerto Rico has miles and miles of property and it's time for a garage sale. PR spent the money so they have the problem. Personally, I'm looking for a few acres with water/beach access. Maybe Robert "Bob" Menendez D-NJ and Rep Charles Rangel D-NY could toss in a few $Mil. It's time the power players of Washington DC eat their poor decisions.
Like (12)
Follow
Share
AndrewGVN's Opinion
···
04/14/2016
Why is the United States expected to fix all these other problems instead of actual internal issues. We can't be providing all of this aid for something that wasn't the United States fault. Sorry Puerto Rico, you are off on your own to fix your own economic issues, you're a territory, fix it yourselves.
Like (7)
Follow
Share
IllWill's Opinion
···
04/28/2016
This sounds like a way to impose harsh austerity measures on Puerto Rico, especially with this Oversight Board. I don't think so. Puerto Rico needs our help, but not like this.
Like (6)
Follow
Share
    “Right now in Puerto Rico, the government is struggling with an unsustainable amount of debt… These creditors must be forced to negotiate a debt repayment plan that is fair to both sides – the people of Puerto Rico deserve nothing less.”
 [berniesanders.com]
    Like (94)
    Follow
    Share
    Absolutely no! Puerto Rico has miles and miles of property and it's time for a garage sale. PR spent the money so they have the problem. Personally, I'm looking for a few acres with water/beach access. Maybe Robert "Bob" Menendez D-NJ and Rep Charles Rangel D-NY could toss in a few $Mil. It's time the power players of Washington DC eat their poor decisions.
    Like (12)
    Follow
    Share
    Puerto Rico is a Territory of the United States, although they are still required to abide by most rules and do pay taxes, they do not have the ability to seek out loans and don't have access to the same resources as a state. Truly, the best option would be to make it a full state with all the rights they deserve and have earned,
    Like (15)
    Follow
    Share
    We broke it, we bought it.
    Like (9)
    Follow
    Share
    We broke it, we bought it. (To quote Steven, who is absolutely correct.) Fix this. These are Americans--let's not turn PR into another Detroit/Flint & perpetuate a situation that will harm the citizens of PR but not the incompetent politicians & oligarchs who caused the problem. NOTE: the hedge funds are circling & people are dying. Get off your lazy self-righteous Congressional butts & fix this! These are citizens of the United States. Not that it counts for much these days. When did it become your job to sell out citizens for your own comfort? The day you decided to run from office or the day you were elected? SHAME ON YOU ALL!!
    Like (8)
    Follow
    Share
    Why is the United States expected to fix all these other problems instead of actual internal issues. We can't be providing all of this aid for something that wasn't the United States fault. Sorry Puerto Rico, you are off on your own to fix your own economic issues, you're a territory, fix it yourselves.
    Like (7)
    Follow
    Share
    Puerto Rico, like many other territories that the US holds, is full of people who don't work or produce anything. Instead they sit on their asses and collect a paycheck from the government. It's time to get to work!
    Like (6)
    Follow
    Share
    This sounds like a way to impose harsh austerity measures on Puerto Rico, especially with this Oversight Board. I don't think so. Puerto Rico needs our help, but not like this.
    Like (6)
    Follow
    Share
    Puerto Rico's debt is unpayable. It is the direct result of more than 117 years of colonialism, that have shrunk our economy and allow vulture funds to make profit of it. Although the bill may sound like a lifesaver to Puerto Rico, the Independent Oversight Board will only impose extreme austerity measures to be able to recover the debt at the expense of our suffering. The food, health, housing, education, and social programs should go first than to keep enriching the bonds holders. We cannot combat anorexia with hunger, specially in an economy built to merely benefit the American bonds holders. What Puerto Rico really needs is our independence to have the sovereignty to take the decisions to protect our people and develop our economy.
    Like (5)
    Follow
    Share
    It is clear that many don't realize Puerto Rico is a territory of the USA and our policies have directly contributed to their debt crisis. YES we should be helping because it is our problem. They are a part of the USA and should have the same rights accorded to them.
    Like (5)
    Follow
    Share
    I don't see the Obama Administration bending over backwards to curb the American debt crisis and boost the American economy! OBAMA IS DOING JUST THE OPPOSITE FOR THE U.S.A.! And if you vote for Clinton or Sanders, our situation will only get worse!!! Puerto Rico must learn from their mistakes; bailing them out will not teach them a good lesson in economics or encourage them to live within their means.
    Like (4)
    Follow
    Share
    Control board and austerity measures in this bill are not a good deal for Puerto Rico. There are better options that Congress is ignoring due to politics and being in bed with hedge fund managers.
    Like (3)
    Follow
    Share
    They got themselves into this mess let them get out of it on their own.
    Like (3)
    Follow
    Share
    It makes no sense for the Federal Government to turn its back on the people of Puerto Rico, just as it makes no sense for it to turn its back on the people of New York or Illinois if they were in a similar situation.
    Like (3)
    Follow
    Share
    This is a bad bill - Puerto Rico deserves true help; not another imperialistic sledgehammer.
    Like (3)
    Follow
    Share
    Helping Puerto Rico get back on track seems like a good thing to do and it seems like a good investment.
    Like (2)
    Follow
    Share
    Puerto Rico's debt crisis?! Try being 20+ trillion in debt like the US is! The only real reason the US is even considering this is because of control.
    Like (2)
    Follow
    Share
    No! This would just start the dominos falling. PR, then Detroit, then Baltimore, then California, and every other metropolis or pension plan that politicians have been mismanaging for the past fifty years.
    Like (2)
    Follow
    Share
    Puerto Rico has been our sister country for many years. Our economies are directly linked and turmoil on their part will affect the money they use to support our country. While helping them will ensure that they are stable, and that we can both continue to benefit from each other.
    Like (2)
    Follow
    Share
    Some seem to not understand that this is a territory of the United States of America and we have a responsibility to it. In a way it has all the liabilities that any state can have without the advantages. The economic situation that they have now is untenable.
    Like (2)
    Follow
    Share
    MORE