Among the foremost threats to individual freedom in America is the abusive and oftentimes lawless behavior…
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More Legal Shenanigans from the Biden Administration’s Department of Education

Among the foremost threats to individual freedom in America is the abusive and oftentimes lawless behavior of federal administrative agencies, whose vast armies of overpaid bureaucrats remain unaccountable for their excesses.

Among the most familiar examples of that bureaucratic abuse is the Department of Education (DOE).  Recall, for instance, the United States Supreme Court’s humiliating rebuke last year of the Biden DOE’s effort to shift hundreds of billions of dollars of student debt from the people who actually owed them onto the backs of American taxpayers.

Even now, despite that rebuke, the Biden DOE launched an alternative scheme last month in an end-around effort to achieve that same result.

Well, the Biden DOE is now attempting to shift tens of millions of dollars of…[more]

March 19, 2024 • 08:35 AM

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New Ad Features Puerto Rican Bondholder Calling on Congress to Protect Her Savings Print
By CFIF Staff
Thursday, April 21 2016

WASHINGTON, D.C. Today, the Center for Individual Freedom (CFIF) released its latest television ad in its campaign to educate Americans about Puerto Rico’s economic crisis and Congress’s maneuvers to provide the Commonwealth a bailout at the expense of American savers (including many in Puerto Rico) and retirement investors.

“It’s important for Americans and U.S. lawmakers to hear from actual individuals whose savings will be depleted should Congress pass the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) in current form,” said CFIF Senior Vice President of Legal and Public Affairs Timothy Lee. “Puerto Rico’s government got itself into this crisis and providing it a Super Chapter 9 bankruptcy-style bailout at the expense of individuals is not only unfair, it undermines the rights of bondholders protected by Puerto Rico’s own constitution.”

In the ad, Puerto Rican bondholder Teresa Garcia explains that she, like many other people, bought Puerto Rican bonds for her retirement.

“I bought Puerto Rican bonds for my retirement. We believed these investments were safe,” says Garcia.  “My life savings will be crushed,” she adds.

Mrs. Garcia is one of the Puerto Rican bondholders featured in a CNN report published here.

“It would be irresponsible for Congress to push through the PROMESA bill currently before the House Committee on Natural Resources and risk individual Americans’ livelihoods,” said Lee. “Instead of retroactively changing constitutionally backed general obligation bond contracts, Congress should focus on ensuring stringent fiscal reforms for the Commonwealth and encouraging the Puerto Rican government to negotiate in good faith with its bondholders.”

The ad will air on national cable networks beginning today.

View the television ad below.

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