“We wouldn’t want a bailout. I’m no fan of bailouts. I think we need to assume responsibility for what’s going on here,” Rossello said. “Statehood is much more than resources. Statehood is an equal playing field for U.S. citizens that reside on the island.”
Puerto Ricans have been U.S. citizens since a law made them so in 1917. However, their benefits relative to mainland citizens have been limited. One issue prevalent among many residents is that they pay in full for Medicare,
In April, President Donald Trump addressed the Puerto Rican financial situation on Twitter, arguing that the Democrats wanted to bail out the island (adding his signature “Sad!” at the end). Both
@realDonaldTrump: Democrats are trying to bail out insurance companies from disastrous #ObamaCare, and Puerto Rico with your tax dollars. Sad!
However, Gonzalez said she met with Vice President Mike Pence a few months ago and that he “actually supports statehood for the island.”
CNBC sent several emails seeking comment from Pence but they were unanswered.
The unprecedented bankruptcy proceedings taking place is top of mind for many Puerto Ricans as they head to the polls. Puerto Ricans like Maria Colon, 51, a single mom with fibromyalgia, invested in various Puerto Rican bonds and has relied on the monthly interest payments as her main source of income due to her disability. She is now facing nearly $600,000 in losses to date on the bond investments.
Colon said she is voting for statehood in the hopes that if Puerto Rico officially becomes the 51st state, the government will work to find out who was ultimately responsible for this debt crisis, and bring the people of the island the relief and justice that they seek.
Regardless of what happens with the vote, the affairs in Washington have been more intertwined with those on the island than in recent memory. Nearly a year ago, a law was created, known as the Puerto Rican Oversight, Management, and Economic
Gonzalez said this is the first time the island has held a plebiscite vote over statehood where the Justice Department has defined the options on the ballot, making them compatible with U.S. law. In exchange, the DoJ was supposed to contribute $2.5 million to Puerto Rico toward the cost of holding a statehood vote. After reviewing the ballot options in April, the department rejected administering the funds and suggested several changes. Despite making all of the recommended changes to the ballot, to
Instead, the bankrupt island has spent $7 million.
“This is not about the money; this is more than that,” Gonzalez said. “So keep the money. Let us express ourselves. And that is what we are going to have on Sunday.”
Watch the full interview with Puerto Rico’s governor here.
Correction: Puerto Rico has nearly $50 billion in unfunded pension obligations. An earlier version misstated the figure.