We expect much from you. The number of young working-age people that are leaving the island is alarming.
Esteban Torres
The Public Record
Do you find it unusual that the Governor and PROMESA board has found that the Commonwealth has the ability to pay 25 percent of currently outstanding debt, but you are here today, sir, asking that PREPA's ratepayers pay 89 percent of the existing debt?
it is true, I should say--that PREPA officials acted recklessly with regard to their management of PREPA's indebtedness, as did Puerto Rico's elected officials.
Can you expand on your concerns that you have not been able to have some real-time conversations with the board, or with the Governor and the current administration?
But doesn't the recent audit by the Puerto Rican Commission on Debt make it clear that PREPA's financial advisors, its engineers, lawyers, accountants, insurance companies, and perhaps bondholders bear some responsibility for PREPA's current, out-of-control debt practices?
I felt strongly that the Oversight Board reflect the diverse interests of Puerto Rico and a long-term commitment to the Commonwealth.
I voted in opposition to the bill because I didn't feel that it did enough, and I still believe that more forms of support are needed.
For the Puerto Rican economy to grow, their leadership must step up and make some tough decisions.
Puerto Rico's territorial status is the real problem, and the problem will not go away by ignoring it.
Additionally, Congress must step up and assist the island further--in particular, with their healthcare costs, as well as with an additional mechanism to attract investment and jobs.





