Tag Archives: Fiscal Oversight Board

The goal of the Fiscal Oversight Board is a new government culture to root out corruption and cronyism, to create an environment that generates jobs instead of making people dependent on welfare, to practice financial discipline instead of overspending

  https://www.elnuevodia.com/english/english/nota/thegoalisanewgovernmentculture-2579499 The goal is a new government culture The chairman of the Oversight Board José Carrión III and also member Carlos García have announced their resignations after the Supreme Court ruled appointments to the Board are constitutional, and just … Continue reading

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Puerto Rico oversight board chairman, member departing

Mr. Carrion said his chief disappointment is “the lack of commitment and political will to implement structural reforms necessary to propel Puerto Rico’s economy beyond its dependency on federal transfers.” What that means is that Puerto Rican politicians don’t want … Continue reading

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Fiscal Oversight Board sues the Puerto Rican government over contract documents

  https://www.elnuevodia.com/english/english/nota/boardsuesthegovernmentovercontractdocuments-2574488 Board sues the government over contract documents The Oversight Board files a lawsuit before Judge Laura Taylor Swain claiming information on agreements with Apex General Contractors, 313 LLC, and two other companies Tuesday, June 9, 2020 – 10:29 … Continue reading

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Puerto Rico’s Political Meltdown with Governor Ricardo Rosselló Announcing his Resignation

Socialism has always failed and will continue to always fail, yet politicians persuade citizens who are ignorant of history as they fall for promises of “free stuff.” https://www.wsj.com/articles/puerto-ricos-political-meltdown-11564010349 Click link for video Puerto Rico’s Political Meltdown The island needs leaders … Continue reading

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Fiscal Oversight Board: Puerto Rico to see 65% surplus drop amid debt crisis

While unfortunate for those who lose their jobs, Puerto Rico needs to reduce government employees with deep cuts.   Additionally, all the money lost to corruption, waste, and mismanagement would save billions more. https://www.dailymail.co.uk/wires/ap/article-8360079/Board-Puerto-Rico-65-surplus-drop-amid-debt-crisis.html Board: Puerto Rico to see 65% surplus … Continue reading

Posted in culture and cycle of dependency, incompetence and mismanagement, Puerto Rico economic crisis, Puerto Rico necessary improvements | Tagged , , , , , , , | Leave a comment

Trump Attaches Severe Restrictions to Puerto Rico’s Long-Delayed Disaster Aid From Hurricane Maria

  https://www.washingtonpost.com/business/2020/01/15/dangling-disaster-relief-funds-white-house-require-puerto-rico-implement-reforms Trump Attaches Severe Restrictions to Puerto Rico’s Long-Delayed Disaster Aid By The New York Times on January 16, 2020 People fill a temporary shelter at a municipal stadium in Guayanilla, Puerto Rico, Jan. 10, 2020. The Trump administration … Continue reading

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Lin-Manuel Miranda: Puerto Rico needs “debt forgiveness” to recover

Since Lin-Manuel Miranda believes the debts that Puerto Rico incurred should be forgiven, to not honor the commitment to pay their loans, will Miranda stop charging for all his Hamilton shows or allow  you to “promise” to pay later?  A … Continue reading

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Puerto Rican college student illustrates why the Fiscal Oversight Board is necessary to rein in corruption and mismanagement in PR government

https://yaledailynews.com/blog/2018/11/16/wolpert-gaztambide-integrating-puerto-rico WOLPERT GAZTAMBIDE: Integrating Puerto Rico Christian Wolpert Gaztambide 1:44 am, Nov 16, 2018 Guest Columnist In the wake of Hurricane Maria, various campus organizations have mobilized against Yale’s holdings in mutual funds that hold Puerto Rican bonds. While I … Continue reading

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Carlos García refutes detractors 6-9-17 El Nuevo Dia

https://www.elnuevodia.com/english/english/nota/carlosgarciarefutesdetractors-2329451 Carlos García refutes detractors He says that Puerto Rico is under control of the federal entity because of the lack of fiscal discipline Friday, June 9, 2017 – 9:06 AM By Joanisabel González Carlos García refutes detractors (horizontal-x3) According … Continue reading

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