cross-posted from: https://lemmy.zip/post/51070777

“Yet, they never have the funds for healthcare coverage for all,” said Congresswoman Rashida Tlaib.

  • A_norny_mousse@feddit.org
    link
    fedilink
    English
    arrow-up
    66
    arrow-down
    1
    ·
    edit-2
    20 days ago

    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.

    • hedgehogging_the_bed@lemmy.world
      link
      fedilink
      English
      arrow-up
      35
      ·
      20 days ago

      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.

    • az04@lemmy.world
      link
      fedilink
      English
      arrow-up
      4
      ·
      20 days ago

      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.

    • Getitupinyerstuffin'@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      15
      ·
      20 days ago

      Im all about Milei. Im all about reducing the size of bloated governments and frivolous spending. Governments love to pay useless people to do useless and many times redundant work. I understanding these are people with jobs and paychecks, and people should be able to have a good job and pay check, but not pointlessly and at the expense of the tax payers.

  • pjwestin@lemmy.world
    link
    fedilink
    English
    arrow-up
    50
    ·
    19 days ago

    $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.)

    • Mog_fanatic@lemmy.world
      link
      fedilink
      English
      arrow-up
      24
      ·
      edit-2
      19 days ago

      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.

      • pjwestin@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        ·
        19 days ago

        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

    • MrMakabar@slrpnk.net
      link
      fedilink
      English
      arrow-up
      11
      ·
      19 days ago

      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.

  • perestroika@slrpnk.net
    link
    fedilink
    English
    arrow-up
    13
    arrow-down
    1
    ·
    edit-2
    19 days ago

    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.

  • LifeInMultipleChoice@lemmy.world
    link
    fedilink
    English
    arrow-up
    8
    ·
    19 days ago

    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?

    • icelimit@lemmy.ml
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      19 days ago

      Soft power I guess? Maybe strings to dump us agricultural produce that is losing their market due to taco shenanigans.

      • MrMakabar@slrpnk.net
        link
        fedilink
        English
        arrow-up
        1
        ·
        19 days ago

        Actually thanks to US money, Argentina was able to support its farmers by lower export tariffs for soy beans. They then sold a hell of a lot of those to China. Soy beans used to be the biggest US export to China…

        • icelimit@lemmy.ml
          link
          fedilink
          English
          arrow-up
          1
          ·
          19 days ago

          Maybe in turn us gets to sell it’s GMO seeds to Argentina exclusively, displacing local seeds/agricultural self sufficiency forever? Idk

          • MrMakabar@slrpnk.net
            link
            fedilink
            English
            arrow-up
            1
            arrow-down
            1
            ·
            19 days ago

            Milei wants to dollarize Argentina. Ones you do that, it is very hard to move to your own currency again and it would give the US massive influence over Argentina. The good news is that Argentina has a much more functional democracy then the US and their parliament is stopping Milei from doing too much bs. So probably this is going to fail.

  • CircaV@lemmy.ca
    link
    fedilink
    English
    arrow-up
    8
    arrow-down
    2
    ·
    19 days ago

    Americans get the government they deserve (and voted for) 🐆🐆🐆🐆🐆🐆🐆🐆🐆🐆🐆🖕🇺🇸