(Washington Examiner) -- The PROMESA Act creates an unelected, unaccountable "control board" imposed by Congress to manage Puerto Rico's spending and tax policies for at least five years. Control boards and five-year plans, channeling Stalin: What could go wrong?
PROMESA deprives the Puerto Rican people of their right to self-governance and establishes a seven-person board that can overrule the Commonwealth's elected leaders on any law. Six of the seven people on the control board will be personally chosen by President Obama to manage the territory's spending and tax policies.
"Under the new law, the fiscal oversight board could override any act or law by the Puerto Rican government that it deems to violate PROMESA. It can also force the government to sell assets, merge agencies and lay off government employees," reports The Hill.
Advertisement - story continues below
"This bill deprives the people of Puerto Rico of their self-government and thereby tramples upon their right to vote, which the Supreme Court of the United States has recognized as constitutionally protected," wrote the 12-year governor of Puerto Rico, Rafael Hernandez Colon.