Rachel Greszler, RealClearWorld
Puerto Rico is on the brink of defaulting on its debt. And the Obama administration wants to push Puerto Rican pensioners to the front of the payment line, ahead of Americans with retirement accounts that hold constitutionally protected bonds. The administration recently shared with Democratic lobbyists its "pre-decisional" draft proposal for how to handle the looming default. Referring to roughly 330,000 active and retired Puerto Rican public employees, the proposal includes instructions to "not unduly impair the[ir] claims." Only after these pensioners are assured their due claims, and...
