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Yet, they never have the funds for healthcare coverage for all
But Agentina now has.
America is paying for Argentina's Universal Healthcare, without having their own.
The art of the deal, or something.
Something something best deal maker. Tremendous greatly.
Millei is killing public healthcare, pushing to a US style system, with US medical corporations.
No wonder Trump likes him. He's an asshole.
Like they said, MAGA.
I wonder what the US could do with $40 billion? By the way, that's nearly $300 per taxpayer.
That'd pay for a lot of people's dental care
So long dental plan
Probably quite a few missles to murder people on boats from Venezuala
I kinda missed part 1 of the story; what's the deal for Trump here?
He wouldn't be doing this if there wasn't something in it for him.
Oh and just in case somebody isn't 100% clear what Milei is about:
While Milei has ~~drastically slashed inflation, the reduction has come via the devaluation of the peso and~~ massive cuts in government spending, including the evisceration of social programs resulting in more expensive housing, healthcare, and education.
And Trump doing mafia style threats again:
“If he loses, we are not going to be generous with Argentina,” Trump told reporters. “I think he’s going to win, and if he wins, we’re staying with him, and if he doesn’t win, we’re gone.”
Lawmaker Margarita Stolbizer:
"Trump tells us Argentines that if we don't vote for Milei, we'll be punished," she added. "The interference is absolute, the libertarian surrender is total.
Argentinian government debt is mostly owned by big American investment firms like Black Rock. If their economy crashes, American Oligarchs lose $$$$ so they convinced Trump this is in his best interests.
Yep, that makes sense. It's all about the whisperers behind the dick tater.
TBH I don't try to understand Trump, he's a dumbass and everything he touches turns to shit, but hypothetically IF he weren't a concaveman, a moron of the fourth and highest order of dumbfuckery, and instead some other president then the play would be increasing US authority in South America either preemptively or as a direct response to eastern influences like Russia and China. You know. The same shit that's been going on for almost a hundred years, now. It's called a cold war.
But again, I don't think Trump's capable of rational thought.
the play would be increasing US authority in South America either preemptively or as a direct response to eastern influences like Russia and China.
Maybe, if there was a smart big thought in that brain. This will be simpler, as they will just build a building or two, a tower and hotel or something with his name on it. In exchange for $40 bil of other people's money. He doesn't care about strategy or geopolitics, this guy is 100% about the corruption and the personal benefit, the quid pro quo, he's the mob president.
They're sticking to those honest libertarian principles, like $40B bailouts.
I think that article is not well researched. Devaluing the currency causes inflation (in Argentina's case), not the opposite. In fact, Milei did not sufficiently devalue the peso, because devaluing further would have caused more inflation. It's exactly because he did not sufficiently devalue that the peso is now in crisis.
I don't know about the other ones, but under Milei housing listings have become cheaper, when adjusted for inflation.
$40 billion was the entire annual budget of USAID. No matter what you think of them, they did provided essential aid to dozens of nations, and DOGE destroyed them under the pretense of lowering the deficit. Now we're spending that much money just to prop up one countries economy.
(Yes, I know they USAID is a soft-power tool of American imperialism, and is rumored to have been used as cover for CIA operations, but they also did a shit-load of global AIDs prevention work, and I'd rather have spent the $40 billion on that than bailing out a libertarian freak so Rob Citrone can get rich.)
I mean the entire doge "savings" were instantly wiped out by the $200 billion increase in military spending. And I say savings incredibly generously because there are a ton of studies that say the agencies and people they cut will leave a hole in federal capabilities that will end up costing the American people way more than all of the money they claim to have saved (Some speculate the massive cuts to the IRS alone will end up costing about $1 trillion in lost tax collections).
But this combined with the cost of the shutdown and the farmer bailout and so much more is just icing on the cake I guess.
Oh yeah, for sure. Everything DOGE did was a farce, and it almost certainly lost more money than it saved. Even en if it didn't, they blew any savings up on their first budget legislation. I just find it particularly hypocritical to cut $40 billion in global aid because, "we don't have the money," then turn around and spend $40 billion on global aid to a single country
Someone has to pay for the upkeep of all those Nazi summer homes.
The country is totally fucked up when he can just decide to spend 40 Billion on a whim.
Isn't there a shutdown? Because they can't agree on a budget? And now there's no money even to pay government employees? So where is this money suddenly coming from?
Governments can literally just spend money into existence.
The government was shut down because they couldn't agree to raise the limit on money they could just spend into existence.
Then what is the issue with that shutdown? Use that money to pay government employees first.
I guess I know where his next villa will be once his term is over
Going by history he's emulating, the last moments of his term will be spent in a bunker with the Allies rapidly closing in.
Thats 2.6 million dollars for every school district in the United States.
So how much would it cost to give American's healthcare?
Health care somewhat pays for itself. Not the really sick people, but making sure workers are healthy to actually work properly has a massive return on investment.
The other part is taking care of general health. Things like cars, bad food, all sorts of pollution and so forth really are bad for health. If you have public health care it is often cheaper to fix the underlying issue then to treat the problems coming from it.
Argentina, Israel and Qatar first.
First of course, it's disrespectful to make insinuations to a sovereign country about whom they may vote into office.
Secondly, Trump doesn't have authority to give loans.
He's probably trying to deceive Argentinian voters with false hope of generous loans (which have to be paid back, I should note).
However, in the US, financial decisions are made by Congress. Certainly on the scale of tens of billons. The president has discretion to move far smaller sums.
This guy over here talking about what trump is allowed to do like he don't do whatever the fuck he feels like already.
You are correct AND congress won't do anything about if he does it anyway.
For 40B, I could probably build a big enough carbon sink to fix global warming.
Americans get the government they deserve (and voted for) 🐆🐆🐆🐆🐆🐆🐆🐆🐆🐆🐆🖕🇺🇸
Out of curiosity, what does this do to the USD? I know it is a "small" amount relative to our country, but if they are swapping $40b in U.S. Dollars for a currency of high volatility, isnt it a guaranteed loss of believed stability in those USD up to that amount?
Aren't Argentinan soy farmers basically stealing American soy farmer's sales? Its almost like American farmers voting for this City Slicker Real Estate loser hate themselves or something.
This will fail. Argentina is a habitual financial crisis center. And they will spend only more money to prop them up.