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PDP Board and Former Governors Reject Promesa

By on May 30, 2016

SAN JUAN – Former Govs. Rafael Hernández Colón and Aníbal Acevedo Vilá, along with the Popular Democratic Party’s (PDP) governing board, rejected the U.S. House Natural Resources Committee’s Puerto Rico Oversight, Management and Economic Stability Act (Promesa) and urged that its approval be fought.

PDP President and gubernatorial candidate David Bernier, along with the former governors, who supported the measure of the ruling political party, made the announcement Monday.

The PDP’s governing board unanimously passed a resolution rejecting the congressional bill, which the party said seeks to deprive Puerto Rico of its own government and hand it over to a federal fiscal control board.

The party’s resolution states that the implementation of a fiscal board, as proposed in H.R. 5278, would “deprive Puerto Rico of its own government and places the country at a historic crossroads: either yield to a crude act of oppressive colonization to carry out the restructuring of its debt or fight the measure so it is not approved and find other solutions to solve its fiscal situation.”

Bernier said the party reaffirms “its strong opposition to plans to impose a fiscal control board that far from solving our problems, aggravates them further. Besides being a democratic setback, it puts at risk the pensions of our retirees and thousands of jobs in the public sector. “

Hernández Colón said that “besides undermining the democratic faculties of self-government, the fiscal control board will not solve the debt problem or provide appropriate tools for the economic development of Puerto Rico.”

Former Gov. Aníbal Acevedo Vilá, PDP President and gubernatorial candidate David Bernier, and former Gov. Rafael Hernández Colón. (Inter News Service)

Former Gov. Aníbal Acevedo Vilá, PDP President and gubernatorial candidate David Bernier, and former Gov. Rafael Hernández Colón. (Inter News Service)

“The fiscal control board the U.S. House and Senate intend to approve is an affront to the dignity of our people and significantly threatens the democratic processes we have enjoyed as a country,” Acevedo Vilá said.

The former governor added that the measure “is not the solution to the fiscal problem of Puerto Rico because all it seeks is for investment funds and high-risk bondholders to collect their money regardless of the resources needed by the government of Puerto Rico to offer essential services in education, healthcare and security, among many others that are also important,” adding, “Our party needs all those who aspire to hold elective positions to strongly opposed to that board that the only promise it brings is more and greater vicissitudes for our country.”

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