Biden Official Raises Possibility of Financial Assistance for Puerto Rico

Vice President Biden’s Chief Economist, Benjamin Harris, Friday raised the possibility of financial assistance from the U.S. Treasury for Puerto Rico if the territory’s fiscal problems are not resolved.

Treasury Department officials have previously indicated that they do not foresee Federal financial assistance.

Government of Puerto Rico officials have lobbied for the Federal government for Federal assistance and also sought increased Federal funding in health care and other programs in which Puerto Rico is funded less well than the States.  Congressman Luis Gutierrez (D-IL) has also advocated Federal financial assistance for Puerto Rico.

Harris raised the possibility of Federal help in a conversation with Puerto Rico House of Representatives Speaker Jaime Perello. The House Speaker quoted him as saying that a Puerto Rican default on the insular government’s obligations would be a problem for the United States as well as for the islands.  “For the first time I heard a federal official acknowledge if Puerto Rico enters a default, is not only a problem of Puerto Rico, but also of U.S.,” Perello said, as first reported in El Nuevo Dia.

Perello has reportedly sent additional information to Harris and expects a follow-up meeting.

3 Comments

Luis Arroyo

Jaime Perello and Luis Guttierrez are independence advocates. The former favors the “Free Association”type (like Micronesia & Palau) snd the latter fsvors true independence.
Perello seeks an “Enhanced Commonweath” where they are no longer part of or subject to US laws,yet the US military provides defense. They slso get US $$ assistance in 20 year treaties renewable if both oarties agree. US citizenship is by birth BUT SMALL PRINT SAYS PUERTO RICANS WILL HAVE US CITIZENSHIP BY FILING PAPERWORK SEEKING IT! THAT’S THE REGULAR NATURALIZATION PROCESS!

BECAUSE PUERTO RICO IS EFECTIVELY INDEPENDENT UNDER ENHANCED COMMONWEALTH.
NOW THAT WORD GOT OUT,THE PPD “COMMONWEALTH “PARTY BACKTRACKED AND SEEKS “BIRTHRIGHT” AUS JURIS SANGRIS US CITIZENSHIP. (PRESENT US CITIZENSHIP).
This has resulted in deadlock in PPD party concerning a true non territorial status on the part of PPD for the federal referendum using the $2.5 million congress allocated.

The more honest separatist seek free association w/o US citizenship while the deceptive faction insists on a best of both worlds status I mockingly call “Independenstatehood”.

Luis Arroyo

Freakin hypocrites!
Two separatists seeking “equality” in federal funding.

This PDP “commonwealth”party is getting desperate.

They DO NOT BELIEVE IN ANY EQUALITY BE IT IN FEDERAL FUNDS (WHICH THEY MOCK STATEHOOD SUPPORTERS AS “FREELOADING WELFARE SEEKERS ON THEIR KNEES”FOR SEEKING DESPITE THE FACT FEDERAL TAXES WILL BE PAID.)

NOR DO THEY BELIEVE IN EQUAL VOTING RIGHTS.
1. THE PPD/PDP DOES NOT HOLD PARTY PRIMARIES. THE GOBERNATORIAL CANDIDATE IS CHOSEN FROM WHITIN THE POPULIST PARTY HIERARCHY. GUARANTEEING LOCKSTEP AGREEMENT WITH THEIR ULTRA LIBERAL PROGRESSIVE AS WELL AS SEPARATIST AGENDA.
2.THE PPD OPPOSES THE PRESIDENTIAL VOTE. A POPULAR THEME AMONG THEM IS “WE DONT NEED THE PRESIDENTIAL VOTE”.
YET HERE NOW IS THE PDP’S LAWYER JOSÉ JULIO APARICIO MANAGING DEMOCRAT PRESIDENTIAL CANDIDATE O’MALLEY’s CAMPAIGH FOR THE PUERTO RICO DEMOCRAT NATIONAL PRYMARY.

According to the PDP,”Hillary ‘s mind is made up concerning PR status. O’Malley is [more open to ideas].

Seems Hillary is playing the statehood card and the PDP/Commonwealth party’s not happy with her despite the fact she (and all democrat presidents) refuse to endorse statehood. This shows just how extreme the PDP is.
The fact that O’Malley would entertain an illegal unconstitutional “Enhanced or Improved Commonwealth” simply to win the PR primary with a party that oposes the presidential vote and in 2013 attempted to eliminate presidential primaries in PR by failed lefislation is DESPICABLE!

Zealot 51

Luis Arroyo’s heart is in the right place. The thrust of his comments above is precisely “on target.” Unfortunately, however, the gentleman seems either incapable of communicating in English or unwilling to take the trouble to do so. If you doubt that, go back and take a look at such linguistic abominations as “lefislation” and “oposes” and “PRYMARY” and “CAMPAIGH” and “DONT” and “GOBERNATORIAL.”

–Zealot 51

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