Stop Painful Austerity Measures in Puerto Rico

Target: Ricardo Roselló, Governor of Puerto Rico

Goal: Put an end to austerity measures that favor Wall Street and hurt innocent Puerto Ricans.

Following the end of federal protection, the government of Puerto Rico is facing many lawsuits from predatory Wall Street investors demanding they be paid some of the $73 billion the island currently owes. As a result, Puerto Ricans are facing severe austerity measures to make payments on its debt, including cuts to public employee benefits, tax hikes, privatization of government services, and the sale of beaches, artwork, and historical artifacts. The people of Puerto Rico are already some of the poorest in the nation, and placing increased taxes and decreased benefits on these citizens during a deep economic crisis is immoral and gravely unjust.

Much of the debt is owed as a result of Puerto Rico’s colonial treatment by the U.S. The federal government gave preferential treatment to businesses that set up shop on the island, but when those provisions expired, a corporate pullout ensued and reduced its ability to pay staggering loans also encouraged by the U.S. government. Puerto Ricans are striking to fight back against the cuts, but with so many people in poverty and having so few federal protections against avaricious creditors, including no ability to declare bankruptcy, Puerto Ricans are left incredibly vulnerable. Sign this petition to demand an end to the corporate greed and federal indifference that threatens to strip the territory of what little control it has over its own destiny.

PETITION LETTER:

Dear Governor Roselló,

After a litigation freeze expired on May 1st, Puerto Ricans are facing numerous lawsuits from greedy creditors demanding staggering debt payments, and paying for the total $73 billion it owes would mean severe cuts to basic government services and extreme tax hikes. These measures would fall on some of the poorest people in the U.S. and threaten their very subsistence, as well as demean many of the features that make the island so great by selling beaches, historical artifacts, and works of art.

Such stark austerity measures would do a grave injustice to the Puerto Rican people, who should not suffer as the result of the immoral colonial treatment of the island by the federal government. I urge you to stand up to creditors to make it clear that debt payments will not come at the cost of the basic dignity of the Puerto Rican people, and use your position to protect these vulnerable U.S. citizens from the financial bloodthirst of America’s corporate powers.

Sincerely,

[Your Name Here]

Photo Credit: Joe Piette

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One Comment

  1. The greedy Wall Street bankers only care about their money and are willing to destroy these poor people to get it. This travesty must not be allowed to happen.

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132 Signatures

  • Jillana Laufer
  • Jenny Schoen
  • Jane Williams
  • Jodi Rowe
  • Valerie Philebaum Smith
  • Don Wood
  • Orpha Wilson
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