Sunday, April 21, 2019

New York Times: Don’t Abandon Puerto Rico

By on December 26, 2015

The New York Times has published an editorial urging the U.S. Congress not to “abandon” Puerto Rico and the 3.5 million American citizens living on the island.

The Times’ Editorial Board lashes out against “investors who are partly responsible for the problem because of their reckless lending to Puerto Rico’s government” as well as members of Congress who have bought those investors’ “disingenuous arguments” that the restructuring legislation is akin to a bailout.

The editorial says there is no reason for Congress not to move quicker to approve legislation that would enable Puerto Rico to get federal bankruptcy protection to renegotiate its debt in an orderly fashion.

The piece further warns the island’s creditors about the need to “do the right thing” and avoid “years of litigation that would benefit no one and inflict intolerable hardships on millions of Americans.”

Online: Read the New York Times editorial

image_print

4 Comments

  1. Bruno the engineer

    December 27, 2015 at 7:17 pm

    The New York Times is a leftist newspaper, the kind of sympathy or bad advise the Commonwealth does not need.

    What is needed is some old fashioned common sense. Most Puerto Rican families know that you can not live beyond you means. It is a pity that elected officials are more worried about looking good in the news that doing the right thing for the commonwealth. It is a pity that they will not do what their constituents have already done…NOT LIVING BEYOND YOUR MEANS. The Commonwealth can not blame congress, but can readily see the monster that is to blame simply by looking in a mirror.

  2. GringoPRico

    December 27, 2015 at 9:37 pm

    The New Yorican Times should call The Wall Street Journal and ask if creditors are interested in anything other than their own profits. It’s too late to stop Hurricane Default from destroying the island and residents who haven’t moved to the states already will suffer for their misguided devotion to the welfare state.

  3. rtryon

    December 29, 2015 at 6:30 pm

    The NY Times need not worry about those in PR dying without new money from Congress and President since all have an easy way to migrate unlike Syrians- just use their U.S. citizenship to move to FL as NYC is too cold and expensive. Besides the benefits go further with residence in Orlando or Houston.

    • David Bobe

      January 15, 2016 at 10:53 am

      I came from PR 33 years ago when we had only a few Puertoricans in the area. Now is time to move to Utah, Dakota or Wyoming

You must be logged in to post a comment Login

-->