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Aída Chávez — Freedom Caucus Chair Warns Congress Not To “Bail Out” Puerto Rico

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“It’s somebody’s money,” [House Freedom Caucus Chairman Mark] Meadows told The Intercept after a House vote on the aid package this week. “It’s different if you could just print money and it didn’t come out of my pocket or your pocket. It comes out of the American taxpayer’s pocket… Where does this person think the money to pay taxes comes from if the state doesn't issue the currency first and only accepts its own currency in payment of obligations the state imposes?The InterceptFreedom Caucus Chair Warns Congress Not To “Bail Out” Puerto Rico Aída Chávez

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“It’s somebody’s money,” [House Freedom Caucus Chairman Mark] Meadows told The Intercept after a House vote on the aid package this week.
“It’s different if you could just print money and it didn’t come out of my pocket or your pocket. It comes out of the American taxpayer’s pocket…
Where does this person think the money to pay taxes comes from if the state doesn't issue the currency first and only accepts its own currency in payment of obligations the state imposes?

The Intercept
Freedom Caucus Chair Warns Congress Not To “Bail Out” Puerto Rico
Aída Chávez

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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