Puerto Rico Faces Off With Bondholders Over Statehood

July 7, 2017

puertoricostatehood_061117gettyPuerto Rico’s top elected leaders are doubling down on their pursuit of statehood, even as bondholders ask Congress and the White House to hold off until debt payments are made.

Former New York Gov. George Pataki, who represents some of the island’s bondholders, said he supports statehood, but only after Puerto Rico’s financial woes are solved.

“People may well push [statehood], but I don’t think it will be credible,” Pataki said.

Puerto Rico’s Resident Commissioner Jenniffer González-Colón (R), who along with Gov. Ricardo Rosselló is leading the charge for statehood, said statehood and the debt issue are inseparable.

3 Comments - what are your thoughts?

  • Rodney Steward says:

    We just bailed their sorry a$$es out for 4.5 billion $$$ last year, why do we need any more uneducated welfare baby factories! We do not want you as a STATE, PERIOD!! Like most everything south of the border, all they want is a free ride, and it will open the borders for more trash! NOOOOOO !!!!!!!!!!!!

  • Ken says says:

    WHY??? The only reason they want statehood is so we can pay all the bills for the welfare state they have built. 43% are living off the government handouts and over 60% don’t pay taxes. Puerto Rico has no economy to sustain the spending the government does and has next to zero chance of developing any sustainable economy. Another 3rd World Country that wants the USA Lifestyle but wants the US Taxpayers to pay for it because they are to lazy to work for it. For those not familiar with Puerto Rico listen/watch the Broadway musical West Side Story – the music is good and and you gain a perspective of Puerto Rico.

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