In a letter addressed to Senate Finance Committee Chairman Orrin Hatch and Senate Judiciary Committee Chairman Charles Grassley, the Center for Individual Freedom (”CFIF”) this week led a coalition of a half dozen prominent free-market organizations urging opposition to any legislation that grants Puerto Rico “Super Chapter 9” status.
“‘Super Chapter 9′ would give Governor Alejandro Garcia Padilla a free pass to violate Puerto Rico’s constitution, but would do nothing to bring about meaningful fiscal reform,” the letter reads.
“It is our hope that Congress will instead take the lead on this tough issue by urging the Garcia Padilla Administration to implement real fiscal reform and uphold the constitution before any consideration of restructuring the non-constitutional debt,” the letter continues. “If necessary, Congress has the legal authority to consider measures such as a federal control board to oversee financial reform. When, and only when, reform is enacted, Congress can then consider a process that encourages an orderly restructuring of Puerto Rico’s debts that respects the constitutionally-protected bonds and the rule of law.”
In addition to CFIF, the letter was signed by the leaders of Frontiers of Freedom, Hispanic Leadership Fund, Institute for Liberty, National Taxpayers Union and Taxpayers Protection Alliance.
In an interview with CFIF, David Adesnik, Policy Director at the Foreign Policy Initiative, discusses America’s defense and strategy issues as they relate to the Iran Nuclear Deal and why we need serious engagement on foreign policy issues by America’s next president.
In an interview with CFIF, Clark Neily, Senior Attorney for the Institute for Justice, discusses his latest book, “Terms of Engagement: How Our Courts Should Enforce the Constitution’s Promise of Limited Government,” and the importance of and issues surrounding separation of powers, economic liberty, property rights, the Second Amendment, and more.
In this installment of the Freedom Minute, CFIF’s Renee Giachino discusses the massive toxic spill caused by the EPA in a Colorado river, the agency’s response to the disaster and the double standard by which business and the feds are held to account.
Join CFIF Corporate Counsel and Senior Vice President Renee Giachino today from 4:00 p.m. CDT to 6:00 p.m. CDT (that’s 5:00 p.m. to 7:00 p.m. EDT) on Northwest Florida’s 1330 AM WEBY, as she hosts her radio show, “Your Turn: Meeting Nonsense with Commonsense.” Today’s guest lineup includes:
4:00 CDT/5:00 pm EDT: Tim Wyrosdick, Superintendent of Schools, Santa Rosa County: A New School Year;
4:30 CDT/5:30 pm EDT: Mario Lopez, President of the Hispanic Leadership Fund: Dangerous New Climate Regulations;
5:00 CDT/6:00 pm EDT: Ryan Lovelace, Campaign Reporter for The Washington Examiner: Takeaways from the 2016 Presidential Debate and RedState Gathering; and
5:30 CDT/6:30 pm EDT: Troy Senik, CFIF’s Senior Fellow, Editor-in-Chief at Ricochet and Former Speechwriter for President George W. Bush: America Divided, Iran and Other Current Events.
Listen live on the Internet here. Call in to share your comments or ask questions of today’s guests at (850) 623-1330
In this latest installment of the Freedom Minute, CFIF’s Renee Giachino discusses Puerto Rico’s debt crisis, explains why a Chapter 9 bailout is a bad idea, and warns that Puerto Rico should serve as a wake-up call for the entire nation to get its fiscal house in order.
In an interview with CFIF, Bob Dorigo Jones, Senior Fellow for the Center for America, discusses lawsuit abuse, the need for tort reform and the finalists in the 18th Annual Wacky Warning Labels Contest, the winners of which will be announced today on John Stossel’s show on FOX Business News.
Logan Beirne, Lecturer in Law and Fellow at Yale Law Schools, discusses the Treasury Department’s seizure of Fannie Mae’s and Freddie Mac’s net profits and why the “Net Worth Sweep” violates the rule of law.