Trump: Puerto Rico Too Rich For Hurricane Relief Money
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Read more here: https://theintercept.com/2018/01/18/puerto-rico-trump-administration-tells-its-too-rich-for-aid-money/
“MEANS TESTING HAS now come to disaster aid — and it only applies to Puerto Rico.
When Congress passed a $36.5 billion disaster relief bill to bolster rebuilding efforts in several wildfire and hurricane-damaged areas in October, it shortchanged Puerto Rico, giving it a $4.9 billion loan instead of the grant that other areas received. Now, it appears the debt- and hurricane-ravaged island won’t even get that money.
First reported in El Nuevo Dia, Puerto Rico’s daily newspaper, the Federal Emergency Management Agency and the Treasury Department informed the Puerto Rican government on January 9 that they will not disburse the loan through the Community Disaster Loans Program, after finding that Puerto Rico had a cash balance on December 29 of last year of $1.7 billion for ongoing operations. The letter also cited $6.875 billion scattered in various local government accounts. Since the loan was intended to fill in a gap in day-to-day funding, FEMA determined Puerto Rico does not need the money at this time.”*
Hosts: Cenk Uygur, John Iadarola
Cast: Cenk Uygur, John Iadarola
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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