Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez.…
CFIF on Twitter CFIF on YouTube
The Jerusalem Recognition: Before and After

Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez.

View more of Michael Ramirez’s cartoons on CFIF’s website here.…[more]

December 14, 2017 • 10:37 am

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Jester's CourtroomLegal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts.
Home Press Room CFIF Urges Congressional Republicans to Reject Senate Democrats’ Call for a Federal Bailout of Puerto Rico
CFIF Urges Congressional Republicans to Reject Senate Democrats’ Call for a Federal Bailout of Puerto Rico Print
Wednesday, July 01 2015

Disguising Chapter 9 bankruptcy legislation as a path forward, Senators Schumer and Blumenthal join President Obama and Nancy Pelosi in advocating a Chapter 9 bailout of Puerto Rico

ALEXANDRIA, VA – The Center for Individual Freedom (“CFIF”) today issued the following the statement in response to the announcement by Senators Charles Schumer (D-NY) and Richard Blumenthal(D-CT) that they will introduce special legislation granting Puerto Rico a Chapter 9 bailout:

“Senators Schumer and Blumenthal have chosen to promote special Chapter 9 bankruptcy legislation for Puerto Rico rather than tackling decades of fiscal mismanagement, cronyism and corruption on the island. Senate Republicans should not be fooled: Chapter 9 bankruptcy is a misguided federal bailout for Puerto Rico.  It provides no incentive for the Island’s leadership – led by the Kirchner of the Caribbean, Governor Alejandro Garcia Padilla – to make sound economic and fiscal policy decisions moving forward.  We urge Congressional Republicans to reject the Chapter 9 bailout, and instead support a Congressionally mandated and managed control board over the Island providing Puerto Ricans, and all Americans, with a more sustainable, fiscally sound future.”

Chapter 9 would hurt thousands of hardworking Americans on the mainland and in Puerto Rico who have invested savings in Puerto Rican bonds.  And longer-term, it would do nothing to reform a broken Island.  Furthermore, a Chapter 9 bailout flies in the face of principles for which Republicans are supposed to stand:  limited government, fiscal responsibility and the rule of law. 

American taxpayers should not be saddled with yet another bailout and force Americans saving for retirement to take a financial hit.  Instead, Congressional Republicans should guide Puerto Rico into doing the right thing: trim spending and taxes, stand up to unions and undertake badly-needed fiscal, governance and economic reforms.  The time is right for a Congressional control board.

###

Related Articles :
Question of the Week   
The Antiquities Act, which authorizes the establishment of National Monuments, specifies which one of the following?
More Questions
Quote of the Day   
 
"[Y]ounger readers may not recall how ruthless the Clinton administration was in attacking independent counsel Ken Starr, who investigated former President Bill Clinton's obvious perjury, obstruction of justice, and abuse of power. The Clintons were violent counterpunchers before Trump was, and they made sure anyone who tried to hold them accountable paid the price for such insolence.Clinton officials…[more]
 
 
—The Editors, Washington Examiner
— The Editors, Washington Examiner
 
Liberty Poll   

Based on your understanding of the current Republican tax reform bill, do you believe that you will be better off or worse off if it is passed?