President Trump attacked Puerto Rico’s “inept politicians,” accusing them of trying to funnel “ridiculously high” levels of federal disaster assistance toward paying down a $73 billion debt load in his latest confrontation with the U.S. territory’s leadership, WSJ Pro Bankruptcy reported. The president made the suggestion in a tweet yesterday as Puerto Rico’s federal overseers were meeting to approve a revised fiscal framework for rehabilitating the U.S. territory’s finances. The new fiscal plan assumes that Puerto Rico will collect $82 billion in federal assistance and insurance proceeds to rebuild the damage from last year’s hurricanes — a 32 percent increase over a prior disaster-aid projection.
