On the recordApril 20, 2016
I want to speak today about the fiscal crisis that faces Puerto Rico. In addition to some thoughts on what the island's own leaders need to do, I would like to commend the House leadership for their efforts to solve this problem with the recent bill they proposed. We need to take a close look at their proposed solutions, but they are right to tackle this problem head-on, and I look forward to offering more ideas as the debate reaches the Senate. Whenever I speak about Puerto Rico, I like to start by reminding people of a very basic fact: The people of Puerto Rico are American citizens and right now they are living in dire economic conditions. More than 3.5 million of our fellow Americans on the island are facing tremendous economic hardship, in large part because of irresponsible leadership from the government in San Juan. As we all know, Puerto Rico has a debt crisis of enormous proportions, and it has thrown off the stability of its economy from top to bottom. While some have suggested that Washington can deliver a silver-bullet solution to help Puerto Rico out of its debt, the reality is that nothing Washington does will be effective unless Puerto Rico's leaders turn away from decades of failed policies.…
Source
govinfo.gov