Here is a transcript of his remarks.
CNN’s John King Slams Trump Press Conference as ‘Love Fest’. Resident Commissioner Jennifer Gonzalez traveled to the island on Air Force One with the President.
My FB and Twitter feeds lit up over Trump’s remark on the budget. Here’s the actual quote (emphasis added),
Now, I hate to tell you, Puerto Rico, but you’ve thrown our budget a little out of whack because we’ve spent a lot of money on Puerto Rico, and that’s fine. We’ve saved a lot of lives.
Trump also stated that “we’ll have to say good-bye” to Puerto Rico’s debt
“They owe a lot of money to your friends on Wall Street and we’re going to have to wipe that out,” Trump told Rivera. “You can say goodbye to that.”
Puerto Rico was facing a $74 billion public debt load prior to Maria and was struggling to recover from a decade-long recession that has caused hundreds of thousands of residents to leave for the U.S. mainland.
I expect there will be a lot of discussion on the debt restructuring.
Right after the hurricane I posted that
You can kiss the debt good-bye.
. . .
Puerto Rico has no money.
Most of the island has been destroyed by the elements.
I thought that was pretty obvious, but received several emails and comments at my blog from people who thought that meant that Puerto Rico should bear no responsibility. To the contrary, on the same post I clarified that reconstruction efforts should entail outside supervision and full transparency.
Any debt restructuring should require strict federal oversight.
Puerto Rico must, in order for any rebuilding to work, embrace full transparency and accountability, and end corruption. That is a bigger task than any rebuilding.
Comfort is a seagoing medical treatment facility that currently has more than 800 personnel embarked for the Puerto Rico mission including Navy medical and support staff assembled from 22 commands, as well as over 70 civil service mariners.
The hospital ship has one of the largest trauma facilities in the United States and is equipped with four X-ray machines, one CAT scan unit, a dental suite, an optometry lens laboratory, physical therapy center, pharmacy, angiography suite and two oxygen-producing plants.
Here’s a photo with the official caption,
Fausta Rodríguez Wertz writes on U. S. and Latin America at Fausta’s blog