On the recordJune 27, 2016
Madam President, on Wednesday we are going to be voting on something significant, which has been a source of discussion recently, and I wanted to put a little different perspective on the problems that are in Puerto Rico right now. Puerto Rico has $90 billion worth of debt right now. They say they can't repay it in full. I think a bunch of guys have done a good job in establishing a solution for that. Puerto Rico is scheduled--and is going to be missing--to have another debt payment, which is going to put that amount over $90 billion. This week, the Senate will consider legislation that will impose an oversight board that will set up the bankruptcy court restructuring process. It is important citizens of Puerto Rico and the residents of Vieques realize they still have an opportunity to play a significant role in the nation's defense--a role that could bring an economic investment of hundreds of millions of dollars to Puerto Rico. In April of 1999, following an accident on the Vieques training range--Vieques is a little island off of Puerto Rico--that resulted in the death of a Navy civilian employee, all training activities on that range were suspended. They had been training on that range for 60 years, and they suspended it.…





