Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez…
CFIF on Twitter CFIF on YouTube
Ramirez Cartoon: Turning Your Back to Make a Point

Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez……[more]

July 08, 2021 • 11:36 AM

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
CFIF Launches National Media Campaign to Oppose House "Super Chapter 9" Bankruptcy Legislation for Puerto Rico Print
By CFIF Staff
Sunday, April 03 2016

WASHINGTON, D.C. – The Center for Individual Freedom (CFIF) today announced a national media campaign in opposition to the "Super Chapter 9" bankruptcy legislation for Puerto Rico, which was recently released by the Committee on Natural Resources in the U.S. House of Representatives.

"We are deeply concerned about this draft legislation," said Timothy Lee, CFIF’s Senior Vice President of Legal and Public Affairs. "As written, it is an even more dangerous version of the Obama Administration’s unprecedented Super Chapter 9 proposal, and amounts to a bailout of Puerto Rico on the backs of American savers and retirees. We want to make sure that every American knows of the disastrous and far-reaching implications of this bill."

The campaign will feature national advertisements on television, radio and online which will highlight the contagion effect of this legislation. If Puerto Rico is allowed to declare bankruptcy and victimize its bondholders, high-spending states like Illinois may seek the same authority from Congress. This will raise borrowing costs for states, and will crush the value of retirement funds around the country.

Further, the legislation will remove any incentive that fiscally irresponsible states have to enact meaningful reform for the benefit of their own taxpayers, setting the stage for an onslaught of debt crises across the country.

CFIF implores all Americans to contact their representatives and tell them to oppose the House of Representatives’ Super Chapter 9 plan for Puerto Rico.

View the television ad below.

 ###

Quiz Question   
Who was the first American in space?
More Questions
Notable Quote   
 
"As Democrats race toward squandering another $4.1 trillion -- perhaps with some Republican help -- we are being told over and over how the biggest stumbling block is figuring out how the new spending will be 'paid for.'There are technically two different bills being negotiated. One is a $3.5 trillion reconciliation bill that includes a wide range of liberal priorities. And the other is an infrastructure…[more]
 
 
—Philip Klein, Editor of National Review Online
— Philip Klein, Editor of National Review Online
 
Liberty Poll   

With regard to U.S. lawmaking, which one of the following is currently, in reality, the most powerful individual in the country?