Tell Congress: Floridians Support Puerto Rico Debt Plan
The economic situation in Puerto Rico is bad and getting worse. Talented young people are leaving the island at an alarming rate as the government struggles to deal with a crushing debt burden.
If we're going to avert a humanitarian crisis in Puerto Rico, and a mass exodus, Congress needs to act – soon. Sign the Petition: tell Congress to put Puerto Rico on a path to recovery!
As a major trading partner of the Great State of Florida, this crisis is having economic consequences both at home and on the Island.
The Obama Administration has released a smart plan that would get Puerto Rico back on track by creating a bankruptcy regime allowing the island to restructure its debt while imposing new fiscal oversight.
Unlike U.S. states and municipalities, Puerto Rico has no recourse to Chapter 9 bankruptcy protection. That means it has no way of getting out from under an un-payable debt burden that has been built up over decades, and no way of rehabilitating its economy.
What happens in Puerto Rico matters to all of us here in Central Florida. Our ties run deep. Join me. Sign the Petition. Add your name right now as a supporter of the Puerto Rico plan right now!