From economist and friend Stephen Moore, the latest inconvenient truth: South Dakota tops the list…
CFIF on Twitter CFIF on YouTube
Image of the Day: Guess Which States Boast Lower Unemployment Rates?

From economist and friend Stephen Moore, the latest inconvenient truth:

South Dakota tops the list again at 2.9% unemployment – exactly the same as where it was 12 months ago. The only states with Democratic governors in the top 10 – Kansas and Wisconsin – had Republican legislatures and courts that blocked school closures and lockdown orders. And the same basket case lockdown states are at the bottom – California, New York, Hawaii – barely recovering still."

[caption id="" align="aligncenter" width="410"] Guess Which States Excel[/caption]…[more]

March 29, 2021 • 03:55 PM

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 New CFIF Ad Exposes Revised PROMESA Legislation for What It Remains: A “Super Chapter 9” Bailout for Puerto Rico
New CFIF Ad Exposes Revised PROMESA Legislation for What It Remains: A “Super Chapter 9” Bailout for Puerto Rico Print
Wednesday, April 13 2016

WASHINGTON, D.C. – The Center for Individual Freedom (CFIF) today announced a new television ad about the “Super Chapter 9” bailout legislation for Puerto Rico (H.R. 4900) that was formally introduced yesterday by Congressman Sean Duffy (R-WI) and is currently under consideration by the Committee on Natural Resources in the U.S. House of Representatives.

“We are deeply concerned by this most recent version of the ‘Puerto Rico Oversight, Management, and Economic Stability Act’ (PROMESA),” said Timothy Lee, CFIF’s Senior Vice President of Legal and Public Affairs. “The language of the bill is updated from the ‘Discussion Draft’ released in late March, but it is far from improved and lawmakers should not be fooled by it.  Despite claims to the contrary, this legislation is a Super Chapter 9 bailout on the backs of America’s retirees and savers, and violates the principles of property rights and the rule of law.”

The new ad is the latest component of CFIF’s education campaign about the contagion effect of a “Super Chapter 9” bailout. Should Congress retroactively change the rules of the game for Puerto Rico’s debt, effectively sacrificing the rule of law and property rights in order to give the Commonwealth unprecedented access to bankruptcy measures, there will be very real consequences for America’s taxpayers, investors and state and municipal governments.

“CFIF remains ready to support more effective proposals that address Puerto Rico's financial woes while safeguarding the principles of property rights and the rule of law,” said Lee.  “Such proposals include reforms relating to Puerto Rico's destructive minimum wage, Jones Act constraints and public union strike laws, among others.”

CFIF encourages all Americans to contact their representatives in Congress and tell them to vote against any bailout of Puerto Rico that constitutes, in name or effect, provisions commonly referred to as “Super Chapter 9.”

View the television ad below.

 ###

Related Articles :
Quiz Question   
Which President signed the first federal gas tax into law?
More Questions
Notable Quote   
 
"Oddly, after dedicating his inauguration to national unity, Biden has abandoned the pursuit entirely. ...It's not clear what changed so drastically for Biden since his inauguration. Reporters say he now envisions himself as the next FDR -- changing our country through massive government intervention. In a nation as divided as ours, this sort of aggressive left-wing movement is sure to increase the…[more]
 
 
—Neil Patel, The Daily Caller Co-Founder
— Neil Patel, The Daily Caller Co-Founder
 
Liberty Poll   

Is it a reasonable use of taxpayer money for the federal government to provide a new $100 billion in tax credits to purchasers of electric vehicles?