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| Economy |
| POTUS reportedly wants to stop giving Puerto Rico hurricane relief funds because he thinks the government is using it to pay off its debt |
| 2018-11-12 |
| [Business Insider] President Donald Trump wants stop giving Puerto Rico federal funding for Hurricane Maria recovery, according to a report from Axios. According to the report, White House officials told congressional leadership that Trump claimed without evidence that Puerto Rico's government is using the disaster relief money to pay off debt. Trump can't take disaster funds back that he's already given to Puerto Rico or set aside by Congress, but he reportedly could refuse to sign any future spending bills, according to Axios. The report comes after a Wall Street Journal article said Puerto Rico bond prices had soared "after the federal oversight board that runs the US territory's finances released a revised fiscal plan that raises expectations for disaster funding and economic growth." |
| Posted by:Besoeker |
| #5 I'm with rjschwarz on this one. Optics are everything in politics, and Mr. Trump must now swim in that, er, sea. Get some evidence or, at least, an unimpeachable sworn statement. I'd rather Mr. Trump appoint a temporary governor with military arrest powers as backup until PR can get "legit," but, irrespective of intent, the cure would appear worse than the disease. Too bad. |
| Posted by: Anomalous Sources 2018-11-12 20:54 |
| #4 Better to start an FBI investigation That's very funny stuff, I don't care who you are... |
| Posted by: regular joe 2018-11-12 15:38 |
| #3 Dangerous game playing with withholding disaster releaf, everyone will think what would happen if a disaster hit my area and it will be painfully easy to manipulate. Better to start an FBI investigation into a person or two suspected of diverting the money. |
| Posted by: rjschwarz 2018-11-12 11:51 |
| #2 It's been big business at least since Katrina. Look at how the Clintons profited off Haiti. |
| Posted by: CrazyFool 2018-11-12 06:58 |
| #1 "after the federal oversight board that runs the US territory's finances released a revised fiscal plan that raises expectations for disaster funding and economic growth." Bond prices are tied to this? Disaster relief has now become big business? Yes, shutting the $$$ off sometime this afternoon would be very prudent. |
| Posted by: Besoeker 2018-11-12 06:42 |