Posted on 10/04/2017 6:22:54 AM PDT by GIdget2004
White House budget chief Mick Mulvaney said Wednesday he wouldn't take President Trump's comments about wiping out Puerto Rico's debt "word for word."
"I wouldn't take it work for word with that," he said.
"I talked the president about this at some length yesterday as we flew home on Air Force One."
Mulvaney said now, the administration is focused on making sure the island is safe and "that we're rebuilding the island."
"Dealing with the challenges that Puerto Rico had, the island is at least $72 billion in debt, $120 if you go by other counts, before the storm," he said.
"We are going to focus our attention right now on rebuilding the island, repairing the island, making sure everybody is safe and that we get through this difficult times."
Mulvaney said right now, the administration doesn't want to deal with the "fundamental difficulties" Puerto Rico had before the storm.
Trump said Tuesday that the U.S. would have to “wipe out” Puerto Rico’s multi-billion dollar debt after Hurricane Maria.
"They owe a lot of money to your friends on Wall Street and we're going to have to wipe that out," Trump said during an interview with Fox News. "You can say goodbye to that."
(Excerpt) Read more at thehill.com ...
They have a lot of public employee pension debt for one thing.
Not a good idea.
Bears repeating as many in this thread are hard of hearing.
“Trump’s not talking about a federal bailout.”
Precedent has already been set. See Hurricane Katrina, Hurricane Irma, Hurricane Harvey, Hurricane Andrew, Hurricane Sandy...
Continental states have priority. p r is a territory of the US.
Not eligible for taxpayers bailout.
Not eligible for taxpayers bailout.
And where is that written?
You’re that interested, do the research.
You made a statement-——it’s up to you to back up the statement.
Jerk !
.
Wall Street doesn’t take haircuts.
Don’t they sell insurance in PR? How can you have that much damage and no insurance?
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