Congressman Raúl Labrador, the Puerto Rican GOP congressman from Idaho, is at it again.
In an editorial in The Idaho Statesman, Labrador recently published an article which proves that 1) Labrador is not a statesman, 2) he does not care for Puerto Rico, and 3) he is, quite simply, a labrador retriever for the organizations that finance his career…
In the June 2 issue of Idaho Statesman, Labrador announced that Puerto Rico’s economic crisis is “self-made” due to “liberal excesses.”
He mentioned nothing of the Jones Act, the 30-year tax abatement deals for US corporations and billionaires, or the fact that – for the past 118 years – the US Congress has controlled and regulated the economy of Puerto Rico.
In fact, Congressman Labrador Retriever proudly announced to the largest newspaper in Puerto Rico, that he “is not getting involved in the problems of Puerto Rico,” and has no interest in resolving them.
IDAHO IS NO GREAT EXAMPLE
Congressman Labrador Retriever’s editorial claimed that Idaho is a model of “responsible government” and “conservative spending.” Yet as recently as 2014, the debt instruments of the Idaho Power Company were rated just one step above junk bonds.
Page 47 of the 2015 IDACORP Annual Report also shows “BBB” Corporate Credit Ratings, that place the entire company in the “highly speculative” area of risk.
Labrador Retriever also claimed that in Idaho, the state and local governments all “balance their budgets” every year…and yet the State of Idaho has an enormous state deficit…it is over $6 billion in debt, for a state with only 1.6 million residents. At this level of per capita deficit, if Idaho had the same population as New York, it would be over $60 billion in debt.
Clearly, Labrador Retriever should be less sanctimonious about “government waste” and “deficit spending,” and concentrate on getting his own fiscal house in order.
If he ever accomplishes this, which is highly unlikely, then he can work on the US federal debt…which by his own admission, in his own Idaho Statesman editorial, is $19 trillion.
THE DOUBLE STANDARD OF THE LABRADOR RETRIEVER
Actually, the latest figure is $19,278,000,000,000…278 billion more than the figure claimed by Labrador Retriever.
This last “statistic” of Labrador Retriever says a great deal about him.
The alleged $72 billion “debt” of Puerto Rico is highly alarming to him. Yet the US federal debt is 275 times greater than that of Puerto Rico. When Labrador Retriever discusses this federal debt, he routinely under-estimates it by $278 billion.
He makes a “rounding error” of $278 billion, which is nearly 400% greater than the entire alleged “debt” of Puerto Rico.
So when Labrador Retriever understates the federal debt, it is a minor rounding error. When he discusses the alleged “debt” of Puerto Rico, it is a national economic crisis.
He is truly a vendepatria.
For a history of the War Against All Puerto Ricans, read the book…
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