4 Oct 2017 2:05 pm
Whoops! Looks like 45 was talkin' out his *** again.
White House budget director Mick Mulvaney energetically corrected President Donald Trump on Wednesday, insisting that the President did not really mean creditors or the government would have to wipe out Puerto Rico’s debt.
“I wouldn’t take it word for word with that,” Mulvaney said on CNN, before a lengthy explanation of the need for Puerto Rico to tackle its own debt.
Trump made the comment to Fox News’ Geraldo Rivera after touring the devastation left on the island Tuesday, nearly two weeks after Hurricane Maria wreaked havoc on the U.S. territory.
Before the interview, Trump had insisted that Puerto Rico’s government “work with us” to fund both the hurricane recovery and its debt.
“We’re going to work something out,” he said Tuesday of the island’s $72 billion debt, which in 2016 was put under the control of a federally appointed financial oversight board in accordance with the so-called PROMESA legislation.
“I don’t know if it’s Goldman Sachs but whoever it is, you can wave good-bye to that,” Trump told Rivera of the debt.
http://talkingpointsmemo.com/livewire/m ... ign=buffer