[cll]

"The PROMESA Act will ensure that the island meets its debt obligations in a controlled, responsible manner, without saddling the U.S. taxpayers with the bill. If we get this right, we have an opportunity to put the people of Puerto Rico on a path to economic opportunity. However, if we do nothing, the American people will be on the hook,” Rep. Duffy said.

[cll]

Full bill here: http://naturalresources.house.gov/uploadedfiles/hr_4900_promesa.pdf

[Buckeye McFrog]

This will be perceived as “racist, arrogant Gringos trying to tell us how to run our business”. Look for an ugly reception.

[circlecity]

"The PROMESA Act will ensure that the island meets its debt obligations in a controlled, responsible manner, without saddling the U.S. taxpayers with the bill."

Does the act appropriate any money, or guarantee any debt, for Puerto Rico with the expectation that it will somehow be paid back? If so then this is just a bail out.

[blueunicorn6]

The government of Puerto Rico was running a Ponzi Scheme for years.

The first thing to do is throw all the politicians responsible for this mess into prison.