Puerto Rico is in a debt crisis, and the last thing it needs is a taxpayer bailout that would only encourage more out-of-control spending. That’s why I created legislation that would establish an independent board to negotiate a deal between the Puerto Rican government and its creditors. However, shady Wall Street hedge funds are trying their best to smear my bill as a bailout, when really it’s designed to orient Puerto Rico towards fiscal conservatism. The last thing Puerto Rico needs is more tax-and-spend government. Read the full story here.