A bird's eye view of the vineyard
Letter from Iran: Mr. Trump, you have been served Sat May 19, 2018 17:30 | The Saker
by Pepe Escobar (cross-posted with the Asia Times by special agreement with the author) Top officials, including former CIA officers, Pentagon officials, US Army officers and former diplomats demand explanation
Hassan Nasrallah on Trump, Iran and Syrian Strikes in Occupied Golan Sat May 19, 2018 17:19 | The Saker
Hassan Nasrallah: Trump only cares about US and Israeli interests Hassan Nasrallah: Syrian strikes in Golan frightened Israel and broke its prestige Hassan Nasrallah: Trump only cares about US and
Rogue Money Radio interviews the Saker Sat May 19, 2018 17:14 | The Saker
China?s only danger: A ?Generation X? who believes they aren?t communist Fri May 18, 2018 15:24 | The Saker
by Ramin Mazaheri for The Saker Blog When you have a world war, there is no question: We are all living in a postwar world. However, not all subsequent generations
Moveable Feast Cafe 2018/05/18 ? Open Thread Fri May 18, 2018 07:00 | Herb Swanson
2018/05/18 06:00:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of
The Saker >>
Repeal, Abortion and the Common Good: Beyond Foetal Rights? Tue Apr 24, 2018 15:06 | Máiréad Enright
#abortiontravel Cordelia Freeman on ?The Chile-Peru Abortion Trail and the Irish Experience? Thu Apr 19, 2018 14:13 | GuestPost
#abortiontravel Sydney Calkin on ?The Changing Geographies of Abortion Access? Wed Apr 18, 2018 14:08 | GuestPost
#abortiontravel Kath Browne & Catherine Nash on ?Love both?: Naming Heteroactivism? Tue Apr 17, 2018 13:01 | GuestPost
#abortiontravel Katherine Side on ?Medical Abortion Use: Post-Referendum Possibilities? Mon Apr 16, 2018 14:01 | GuestPost
Human Rights in Ireland >>
For lefties too stubborn to quit
Huh? Does this describe the referendum from an Irish perspective? 12:17 Sun May 20, 2018 | WorldbyStorm
Polls on referendum? 09:45 Sun May 20, 2018 | WorldbyStorm
Sunday and the Week?s Media and other Stupid Statements? 07:17 Sun May 20, 2018 | guestposter
SBP/RedC Poll 21:25 Sat May 19, 2018 | WorldbyStorm
Stones don?t sell out? their tickets? 12:43 Sat May 19, 2018 | WorldbyStorm
Cedar Lounge >>
Life should be full of strangeness, like a rich painting
Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017
IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017
Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016
The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015
Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015
Dublin Opinion >>
Government Shutdown Solutions Could Leave Out Disaster Aid for Puerto Rico
economics and finance |
Friday January 19, 2018 19:05 by Lydia C. Andrews - Jubilee USA Network
As the Senate and White House struggle to avert a government shutdown, US disaster victims from Puerto Rico to Texas worry a deal on relief and recovery aid will continue to be delayed.
As the Senate and White House struggle to avert a government shutdown, US disaster victims from Puerto Rico to Texas worry a deal on relief and recovery aid will continue to be delayed. Moody’s rating agency estimates that Puerto Rico alone needs an upwards of $90 billion in aid to rebuild.
“Congress has failed to deliver recovery and relief aid to millions of US citizens affected by natural disasters in the last year,” stated Eric LeCompte, executive director of the religious development group, Jubilee USA. “We are really concerned for Puerto Rico and the US Virgin Islands. The islands were already dealing with high child poverty rates, developing world conditions and financial crises well before the hurricanes struck.”
In the last days of 2017, the US House of Representatives voted for an $81 billion dollar aid package for Texas, Florida, California, Puerto Rico and the US Virgin Islands. The House Bill fell short of the requests made by the Governors of the affected areas. As of Friday morning, Senators were still trying to negotiate some relief aid funding for Puerto Rico.
“It’s absolutely essential that Congress moves forward a recovery package as soon as possible. Aid must be enough to fully fund Puerto Rico and the US Virgin Islands to rebuild to withstand the next storm,” said LeCompte who met with Republican and Democratic leadership on moving forward a recovery package. Since September, LeCompte’s organization generated thousands of petitions, phone calls and e-mails to Congress and the White House to provide relief for the US Territories through a series of action alerts.
As Congress wrestles with a recovery package for the beleaguered islands, Puerto Rico’s oversight board and Governor are preparing to release a new post hurricane economic plan. Before the hurricanes hit, Puerto Rico was entangled in a congressionally crafted bankruptcy process to deal with $72 billion in debt. The new fiscal plan will state how debt will be dealt with in a post hurricane Puerto Rico.
“The new plan for Puerto Rico must address the devastation caused by the hurricane and the problems that caused the prior deterioration of the economy,” a group of notable economists reflected in an open statement they released on Friday. Signers included: Antonio Weiss, former Counselor to the US Treasury Secretary; Nobel Prize winning economist, Joseph Stiglitz; Simon Johnson, former International Monetary Fund chief economist; Mario Marazzi Santiago of the Puerto Rican Institute of Statistics; former top United Nations adviser, Jeffrey Sachs; Jason Furman, former Chairman of the Council of Economic Advisers; and Gene Sperling, former director of the National Economic Council.
The economist release entitled, “A Fiscal Plan for Puerto Rico,” calls for debt relief and substantial aid for Puerto Rico. The statement comes as Congress, the White House and the Island’s Governor and oversight board make decisions around the fate of the 3.5 million US citizens who call Puerto Rico home.
“The new final fiscal plan cannot allow a penny to be paid for debt until Puerto Rico sees positive economic recovery and is fully funded to be able to rebuild to withstand the next storm,” LeCompte noted. “Beyond the significant debt relief needed, Puerto Rico needs to stop all debt payments for at least five years.”
For nearly two years before the hurricanes struck, religious groups in Puerto Rico and the United States were advocating various solutions to deal with the growing financial crisis and high poverty rates. Shortly before Christmas, religious groups gathered in a Congress building to call for relief and aid. Supporting and participating groups included the United States Conference of Catholic Bishops, United Church of Christ, Catholic Charities USA, Catholic Charities of the Archdiocese of New York, Franciscan Action Network, the National Association of Evangelicals, Muslim Public Affairs Council and Islamic Relief.
During the prayer service, Puerto Rico's Archbishop Roberto González Nieves reflected, "Puerto Rico desperately needs a complete debt relief, funding for rebuilding, and equal access to Medicare, Medicaid and child tax benefit funding. [...] Today we pray with the persistence and tenacity of the widow of the gospel; we pray full of hope that the miracle of compassion, openness toward and solidarity with Puerto Rico may come true."