Sens. Warren and Sanders introduce bill that would slash Puerto Rico's debt

[Glamrock]

Sens. Elizabeth Warren and Bernie Sanders on Wednesday introduced a bill that would essentially wipe out tens of billions of dollars of Puerto Rico’s $73 billion in outstanding debt.

The proposal, entitled the “U.S. Territorial Relief Act of 2018,” counts Democratic Sens. Kirsten Gillibrand of New York, Edward J. Markey of Massachusetts and Kamala Harris of California as co-sponsors. The bill “provides an avenue to comprehensive debt relief for Puerto Rico and other hurricane-ravaged U.S. territories so that they have a chance to get back on their feet,” according to the sponsors.

"Greedy Wall Street vulture funds must not be allowed to reap huge profits off the suffering and misery of the Puerto Rican people for a second longer. It is time to end Wall Street's stranglehold on Puerto Rico's future, return control of the island to the people of Puerto Rico and give the territory the debt relief it so desperately needs to rebuild with dignity," said Sanders, I-Vt.

https://www.cnbc.com/amp/2018/07/25/senators-warren--sanders-introduce-bill-that-would-slash-puerto-rico.html

[a kennedy]

1. This should be done now and what the hell took so long????

[JI7]

2. Republican control of Congress

[Glamrock]

3. Well ya know....

Those people are brown. White male Republicans could give two shits less about them.