tiptrot.com June 24, 2018

Trump says USA must "wipe out" Puerto Rico debt

08 October 2017, 12:22 | Nichole Osborne

Trump says USA must "wipe out" Puerto Rico debt

Trump says USA must

Senate Minority Leader Charles Schumer, D-N.Y., hit Trump for having "the gall to complain about Puerto Rico", while he has proposed "tax cuts for billionaires" throughout the United States.

Maria was the most powerful hurricane to hit the island in almost a century and unleashed floods and mudslides that knocked out the island's entire electrical grid and telecommunications, along with many roads. In the capital, San Juan, where most neighborhoods remain without power, pastry chef Rose Cisneros said her family is faring well but she worries about communities in the island's mountainous interior that are still struggling to access food and clean water.

Prior to the president's visit, he had exchanged barbed comments on Twitter with the mayor of San Juan, Carmen Yulín Cruz, who had begged the federal government for help.

After President Donald Trump said Puerto Rico's debt will be wiped out, White House officials rushed to rule out any us bailout of bondholders, who lent the commonwealth about $74 billion.

Mexico offered the aid even through its relations with the USA have been strained ever since Donald Trump assumed office in January.

Meanwhile, Vice President Mike Pence traveled to the U.S. Virgin Islands Friday to get an update on recovery efforts there and was due in San Juan later in the day. He has also repeatedly made claims of how Mexico will pay for the construction of the wall. The country, however, withdrew the offer after it was struck by two major earthquakes in early September.

"Texas & Florida are doing great but Puerto Rico, which was already suffering from broken infrastructure & massive debt, is in deep trouble", Trump tweeted on September 25.

"I hate to tell you, Puerto Rico, but you've thrown our budget a little out of whack..." The US president later said he had been unable to reach Mr Peña Nieto because of poor phone reception.

Being a party to the case would simply mean that the USA could participate in hearings and file motions supporting or opposing any of the dozens of legal fights that will need to be resolved before Puerto Rico can exit bankruptcy.

As expected, Puerto Rico's recovery from Hurricane Maria's destruction has been slow and painful. "No. 2: Those who say that are people who have myopic views and a calculated political motive".

Trump was roundly criticized in the days following the hurricane for emphasizing Puerto Rico's weak infrastructure and blaming ineffective leadership for delays in delivering badly needed aid to the island.

"People are going to become more conscious of how they are living, and invest more in solar", he said.

As Trump motorcaded to various spots on the island, passing broken highway dividers and hundreds of downed trees, one local woman held up a sign at the president that read: "You are a bad hombre".

Cruz criticized the Trump administration's hurricane response to the island.

During Trump's visit to the USA territory on Tuesday, the mayor and president shook hands.

At a September 29 press conference Cruz pleaded with the POTUS for more assistance to the ravaged island.

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