Wednesday, May 11, 2016

Puerto Rico Debt Crisis

April 14, 2016

The Honorable Paul Ryan
Speaker of the House of Representatives
H-232 The Capitol
Washington, DC  20515

Dear Mr. Speaker:

You worry me!  Case in point – the debt crisis in Puerto Rico.  If there was ever an issue on which all conservatives should be of the same mind, this is it.  The question is, why are you so ambivalent to allowing the credit markets to run their natural course?

By their very nature, free markets experience highs and lows, and any attempt to modulate these cycles is detrimental to an otherwise vigorous and healthy process.

Could it be you are putting election year politics ahead of your values and convictions?  Is there something you know about the fragility of our economy that you are unwilling to share with the American people?  Or do you simply lack the faith and trust in the American people to patiently persevere and prevail over the detours and setbacks inherent in capitalism and free markets?

You worry me Mr. Speaker, and you are fast approaching the realm of disappointment.

Respectfully,

Bill Monroe

cc:    Honorable Kenny Marchant
        Honorable Mitch McConnell
        Honorable John Cornyn
        Honorable Ted Cruz

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