U.S. bailout places ‘Puerto Rico’s democracy at risk’

“The U.S. Senate is considering a bill called the Puerto Rico Assistance Act of 2015. It offers minor assistance: a temporary reduction in payroll taxes and a ‘development fund’ of $3 billion.  But the real purpose of this bill is the installation of a six-member Financial Control Authority. That authority, if it gets the chance, will rule over Puerto Rico. Completely. What this legislation contemplates is beyond extraordinary; it is essentially the destruction of whatever semblance of genuine democracy currently rules the island. According to the bill, five members will be appointed by the U.S. President. The sixth will be the Secretary of the U.S. Treasury, who will also serve as Chairman.”

http://www.nydailynews.com/opinion/nelson-denis-puerto-rico-democracy-risk-article-1.2498482

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