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insolvent

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Occurrences in the Congressional Record

Entry Title Date
Puerto Rico December 17, 2015
Richard Blumenthal, D-CT
"The people of Puerto Rico are already suffering because of the uncertainty of their financial situation. That uncertainty in turn is already costing them because the borrowing costs are rising as a disorderly default faces them. To simply provide more money is not the answer. There has to be a structure for orderly and planned payment of debts that are due. Right now, Puerto Rico is insolvent. It can’t pay its debts on time, and that is the definition of default. Bankruptcy is not a safety net. It is not a bailout. It is, in fact, a reckoning."
Every Child Achieves Act Of 2015 November 18, 2015
Harry Reid, D-NV
"Mr. President, one of the Founding Fathers, Benjamin Franklin, said: “You may delay, but time will not.” For far too long Republicans have delayed doing anything to address our Nation’s insolvent transportation system or to address other vitally important infrastructure problems. As Paul Ryan said earlier this year on the House floor:"
Restoring Americans’ Healthcare Freedom Reconciliation Act Of 2015 October 23, 2015
Frank Pallone, D-NJ
"Repealing the healthcare law would have implications far beyond these Americans who have or will gain insurance. More than 150 million Americans with employer-based insurance would be at risk of higher premiums and lower wages or losing their coverage altogether. Reforms that strengthen Medicare’s long-term finances also would be repealed, likely making Medicare’s Hospital Insurance Trust Fund insolvent earlier."
Balancing The Budget October 9, 2015
Rob Woodall, R-GA
"We go next to Medicare, insolvent in 2030. Medicare. Social Security, insolvent in 2035."
Providing For Consideration Of H.R. 538, Native American Energy Act, And Providing For Consideration Of H.R. 702, Adaptation To Changing Crude Oil Markets October 8, 2015
Alcee Hastings, D-FL
"My Republican friends argue that these bills will encourage growth and investment in our Nation’s energy markets, local communities, and economy and are, therefore, important measures that we must address even as we face a highway trust fund that will become insolvent in a matter of weeks as well as another looming government shutdown in December."

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