Let's face it, the problems that Puerto Rico is facing right now, that the island is facing, simply come from a lot of bad decisions that were made in past governments.

Thank you, Mr. Chairman pro tem. I just want to quickly thank the witnesses for being here.

Without this Board, without the structure we have in hand, those three goals--the economic success, the governmental stability, as well as the path to statehood--are going to be significantly retarded, if not eliminated.

Changing it is not going to solve the issue at hand. It is like trying to expand home plate.

The second is to provide governmental stability, which hasn't happened necessarily in the last several years.

The idea that they will be passed in the Senate or signed by a President is delusional, at best.

The proposed amendments that have been floated around here are not going anywhere.

The Congress crafted PROMESA with bipartisan support but the goal of that was always to ensure that it regains financial credibility.

Unfortunately, as significant as those are and the problems I think we have talked about even when we were in Puerto Rico, those are not the jurisdiction of this Committee.

If we want to learn from history, we don't go down this road.

We should be going down to Puerto Rico for these hearings in November and December.

Unfortunately, the Democrat bill under consideration here today is not a realistic step forward for the island, but another empty attempt to halt real progress for our fellow Americans.

Despite progress with the Board, little changed in the past 3 years in Puerto Rico's government, other than the resignation of the previous governor.

Massive debt is what caused Puerto Rico so much pain, and what is holding Puerto Rico's economic recovery back.

I'm afraid that when it comes to foreign policy, he is very, very not smart.

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