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October 24, 2018

Trump Falsely Accuses Puerto Rico of Spending Hurricane Aid on Debt
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President Trump falsely accused Puerto Rico of using hurricane relief
funds to pay off debts, tweeting, "The U.S. will NOT bail out long
outstanding & unpaid obligations with hurricane relief money!" The tweet
came as the federally appointed financial oversight board PROMESA
approved a revised fiscal reform plan which calls for cuts in government
spending, and is projecting that over $80 billion in anticipated federal
disaster funds will help rebuild the Puerto Rican economy. In fact,
elected officials in Puerto Rico have not advocated using relief funds
to pay off debt. Governor Ricardo Rosselló opposed the newly unveiled
plan, saying, "money will be available to bondholders, but to the
detriment of the most vulnerable and our people. This is simply unfair."


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