Trump Was Right About Puerto Rico…Massive Gov't Financial Scandal Erupts.
According to Bloomberg, Puerto Rico Governor Ricardo Rossello requested that federal taxpayers
pay $94 billion towards a federal aid package to help the territory recover from the devastation
it suffered due to Hurricanes Maria.
When the federal aid package was first put together in November, it was estimated that
$31 billion of the funds would go toward rebuilding homes and $18 billion would go toward repairing
electric utilities.
"The scale and scope of the catastrophe in Puerto Rico in the aftermath of Hurricane
Maria knows no historic precedent," Rossello wrote.
"We are calling upon your administration to request an emergency supplemental appropriation
bill that addresses our unique unmet needs with strength and expediency."
However, Rossello turned around and spent $100 million on government employees' Christmas
bonuses!
Oh, but all is well, because according to a Washington Times report, Rossello's aides
say the budget for the bonuses had been approved before Hurricane Maria ripped through Puerto
Rico, so…you know…
Nevertheless, Rep. Tom McClintock (R-CA), a member of the House committee with oversight
over Puerto Rico, told the Washington Times, "Puerto Rico has demonstrated time and time
again that its government is incapable of responsibly handling its finances.
This is yet another such instance."
Additionally, Puerto Rico's financial oversight board, which was established by Congress in
2016 to bail the territory out of defaulting on its debt, is of the same opinion as McClintock
and those of us who actually have hearts and brains.
The board issued a letter on Nov. 27, signed by Chairman Jose B. Carrion, stating that
the bonuses were "imprudent" and said Rossello should rethink his allocation of
government funds.
"While the Oversight Board shares in your desire to recognize public employees who have
gone above and beyond in aiding recovery efforts across the island, to do so in a way that
increases the liquidity strain on the commonwealth at this time puts the public at risk and demonstrates
a lack of fiscal discipline," the board said in its letter.
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