RadioOnFire.com - Puerto Rico was devastated by Hurricane Maria and has yet to be met with proper aid from the Trump administration. After being ridiculed and called out regularly, Trump blamed his delayed response to the situation in Puerto Rico on “this thing called the Atlantic.” Now, news has arrived that Trump may have caused Puerto Rico’s economy much more harm before the storm, as his failed Puerto Rico golf course cost the territory and taxpayers more than 32 million dollars.
A report surfaced from Death & Taxes noting that in 2008, Trump borrowed over $26 million for his Trump International Golf Club located in Puerto Rico. The money came in the form of “government-backed bonds” so that renovations and old debts for the club could be taken care of. However, Trump defaulted and declared bankruptcy, which left Puerto Rican to foot the $32.7 million bill he left. The news was brought up when Trump took to Twitter to speak on Puerto Rico’s financial trouble that led to problems with setting up relief efforts. Trump said “…It’s old electrical grid, which was in terrible shape, was devastated. Much of the Island was destroyed, with billions of dollars..” From there, one Twitter responded to Trump’s tweet by linking to an article from PolitiFact that mapped out $32 million debt.
Source: rawstory.com
No comments:
Post a Comment