Scott Wong and Sylvan Lane writing in The Hill
* * *
The bipartisan deal to tackle Puerto Rico’s debt crisis represents Paul Ryan’s first big victory as Speaker.
* AND AS USUAL, "BIPARTISAN DEAL" IS CODE FOR "WE THE PEOPLE ARE SCREWED."
The agreement to restructure the island’s $70 billion in debt...
* FOLKS. IT'S A BAILOUT. AND IT'S GONNA ONCE AGAIN TRAMPLE THE RULE OF BASIC CONTRACT LAW.
...fulfills a promise the Speaker made to Minority Leader Nancy Pelosi (D-Calif.) and Democrats during spending talks last December.
* HOW'BOUT HIS PROMISES TO HIS CONSTITUENTS AND TO THE AMERICAN PEOPLE?
(*SPITTING ON THE GROUND*)
The Puerto Rico legislation still hasn’t been scheduled on the House floor.
* WE SHALL SEE WHAT HAPPENS...
* WE SHALL SEE WHERE CRUZ COMES DOWN... AND WHERE TRUMP COMES DOWN...
Ryan made a handful of strategic moves to ensure some conservatives wouldn’t derail the legislation. In news conferences and statements, the Speaker used his bully pulpit to aggressively refute TV ads from an outside group that blasted the package as a taxpayer “bailout.”
* FOLKS. IT IS A BAILOUT.
And Ryan invited influential members of the far-right Freedom Caucus to the negotiating table.
* NOTICE... THE "FAR RIGHT" FREEDOM CAUCUS...
* FOLKS... NOTICE... NO SUBSTANTIVE DESCRIPTIONS OF WHAT THE "BIPARTISAN AGREEMENT" ACTUALLY LEGISLATES IN THIS... "NEWS REPORT" BY THE HILL.
(*SPITTING ON THE GROUND YET AGAIN*)
Rep. Raúl Labrador (R-Idaho), a Puerto Rico native who serves on the Natural Resources panel, successfully inserted a firewall between payments to bondholders and pensioners. Payments to bondholders are guaranteed by the Puerto Rican Constitution, and the new language ensures pension payments cannot be prioritized.
* AGAIN, FOLKS, THE RULE OF LAW - BASIC CONTRACT LAW - HAS BEEN "SUSPENDED."
Ryan and his leadership team “have been working closely with me. They’ve done a great job of making sure that all the concerns that I had about the bill have been addressed,” Labrador said.
* I'M SURE THEY HAVE - YOU PIECE OF $HIT!
Another Freedom Caucus leader, Rep. Mick Mulvaney (R-SC), a member of Ryan’s informal group of advisers, helped Labrador with research, speaking to experts on the effects of restructuring the bond markets.
* OH, PLEEEASE... WHAT A FRIGGIN' JOKE! THESE BOZOS DO NO ACTUAL WORK THEMSELVES. STAFFERS AND LOBBYISTS WORKED IT ALL OUT.
Bond markets, Mulvaney found, worried that protecting pensions over secured debt could start a dangerous pattern for cash-strapped cities and states. Though Detroit’s prioritization of debt payments was seen as an anomaly, traders feared that doing the same in Puerto Rico would set a precedent for future cases.
* FOLKS. ONE MORE TIME: BASIC CONTRACT LAW NO LONGER EXISTS.
The Freedom Caucus, a collection of nearly 40 ultra-conservative lawmakers...
* YES... FIRST "FAR-RIGHT" AND NOW "ULTRA-CONSERVATIVE." FOLKS... THE MSM DOESN'T EVEN PRETEND ANYMORE. THEY'RE PLAYERS. THEY'RE DEMOCRATS. PURE AND SIMPLE.
...has thwarted Ryan on getting a budget done this year...
* MORE "PROFESSIONAL REPORTING" BY THE HILL.
(*SNORTING AS I ROLL MY EYES*)
* "...THWARTED RYAN FROM FURTHER BUSTING THE BUDGET AND FILLING IT WITH EVEN MORE UNFUNDED PORK..." IS MORE LIKE IT.
...but it’s staying neutral on the Puerto Rico bill — in part because some of its leaders took part in negotiations.
* FOLKS. FRANKLY... WE CAN'T TRUST ANY OF THESE BASTARDS. AGAIN... LET'S SEE WHAT CRUZ HAS TO SAY... AND RAND PAUL... AND TRUMP.
Rep. Mark Meadows (R-NC), a member of the group, said he’s leaning yes. “I am favorably disposed to it,” Meadows said, “because Raúl Labrador has said that he’s optimistic about the bill.”
* THESE... PEOPLE... ARE... SCUM.
Texas Rep. Bill Flores, chairman of the 170-member Republican Study Committee and a member of Ryan’s group of advisers, said the legislation still has some “soft spots that we’re concerned about.” But he added that lawmakers should act quickly to solve the debt crisis and then move on to more critical issues.
“In terms of the issues that the U.S. House of Representatives needs to be worrying about right now, Puerto Rico is not highest on the list,” Flores said in an interview Monday. “I don’t think it’s anything where we need to have a giant food fight.”
* I OPPOSE BAILOUTS AND I FAVOR ABIDING BY THE RULE OF LAW. I GUESS THAT MAKES ME "FAR-RIGHT" AND "ULTRA-CONSERVATIVE." SO BE IT.