Political Quotes

“today we are going to finally consider legislation addressing Puerto Rico's economic crisis. For the past year and even longer, Democrats in both Houses of Congress have proposed legislation that would empower Puerto Rico to adjust a significant portion of its debt. Every time we have tried, it has been blocked by the Republicans. As the weeks and months passed without a solution, the situation in Puerto Rico has worsened, and that is an understatement. In the New York Times this morning, the editorial board stressed the importance of congressional action, and I quote what they said: The fiscal crisis in Puerto Rico is also a humanitarian crisis. The Senate now has an opportunity--and the obligation--to address both. It is scheduled to vote on Wednesday on a bill already approved by the House that would restructure the island's debt and could create the conditions for recovery. If the bill loses, Puerto Rico will default on Friday on a $2 billion debt payment, creditors will keep suing for full repayment and essential services on the island, including health, sanitation, education, electricity, public transportation and public safety, will continue to decline. The economic crisis is a humanitarian disaster. Medical services have diminished. Hospitals are unable to pay their bills. Puerto Rico's largest hospital has closed two of its wings and reduced the number of beds by 25 percent and cut pay for all employees.…”