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To: Presbyterian Reporter

Let me add that it was in June 2013 while Obama was President that Puerto Rico robbed funds from the PUERTO RICO ELECTRIC POWER AUTHORITY to pay the debts incurred elsewhere by the Puerto Rico government.

Two can play the blame game.

President Obama had the opportunity to clean up the Puerto Rico mess in 2013 and he did nothing but kick the can down the road.


39 posted on 09/13/2018 9:55:56 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

Puerto Rico’s Power Woes Are Decades in the Making
https://www.wsj.com/articles/puerto-ricos-power-woes-are-decades-in-the-making-1506176140

“”For years, Puerto Rico Electric Power Authority enjoyed easy access to bond markets and borrowed regularly, accumulating enormous debt. Yet it failed to make important capital investments, such as transitioning to natural gas from oil to generate power, analysts say. Analysts say the money went to a bloated payroll, among other things.””


46 posted on 09/13/2018 10:13:09 AM PDT by Presbyterian Reporter
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