Political Quotes

On the recordJune 28, 2016
My colleague is absolutely right. Even at a time when there is not enough money for essential services and the dramatic cutbacks that have already taken place for the people's health, education, and safety, we are going to impose upon them a $370 million obligation. I want to cite to my colleague language from the legislation that says this: ``Within 30 days after the date of enactment of this Act, the territorial government shall designate a dedicated funding source, not subject to subsequent legislative appropriations, sufficient to support the annual expenses of the Oversight Board as determined in the Oversight Board's sole and exclusive discretion.'' They get to dictate their own budget. They tell the government of Puerto Rico--by the way, by passing this bill, we tell the government of Puerto Rico: Have a dedicated revenue source for it, and the oversight board will tell you how much they have to spend--they want to spend--and that is what you have to pay for. It is pretty outrageous.
Said by
Bob Menendez
Democratic · New Jersey

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