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Offline Hoodat

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Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« on: December 17, 2023, 10:06:36 pm »
Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism

streiff  |  11:44 AM on December 17, 2023

Argentinian President Javier Milei has rolled out a program of austerity measures designed to bring Argentina's economy out of the death spiral that it is in. Once the wealthiest nation in South America, Argentina suffers from a Bidenesque annual inflation rate of 180%. Despite population increases, its economy has shrunk by almost half the years since 1980. Credit for businesses and consumers is nearly impossible to come by...thanks to the triple-digit inflation. Needless to say, there is virtually no foreign investment. Local businesses are hamstrung by regulations that seem designed to prevent business creation or growth. The public sector is bloated and even more unproductive than one would expect. This is all the legacy of Juan Peron's populist socialism that empowered government and discouraged the private sector.

After abolishing 12 of 21 government ministries on his first day in office (Javier Milei Takes Office in Argentina, and His First Move Immediately Triggers All the Right People), Milei is starting to work on the rot that has kept Argentina poor.


https://twitter.com/DanielDiMartino/status/1735662406066450655

https://redstate.com/streiff/2023/12/17/argentinas-javier-milei-unveils-his-austerity-budget-n2167643
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Offline Hoodat

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #1 on: December 17, 2023, 10:08:47 pm »
On Tuesday, Milei's Economy Minister announced a series of emergency economic measures. The goal is to balance Argentina's budget in 2024. The cut is the equivalent of the US reducing its $6.4 trillion budget by $1.4 trillion.

  • All government employees hired in the last year will be fired. Caputo said this is to end "a habitual political practice of incorporating friends and family before the end of a presidential term."
  • All government advertising will be suspended for a year. "There is no money for expenses which are not strictly necessary and far less to sustain with tax-payer funding media which were only created to sing the praises of the incumbent government," Caputo said.
  • Reducing government ministries to nine and secretariats from 106 to 54 will cut senior political posts by over 50%, and the number of political posts will be cut by 34%.
  • Transfers of money to provinces will stop except for the bare minimum. These transfers have previously been used to reward friends and buy political favors. Not mentioned is that the government jobs they supported will also go away along with the transfers.
  • All public works contracts are canceled unless the project is already underway.
  • Energy and transportation subsidies will be reduced. The transportation subsidies are essentially a jobs program.
  • Current welfare programs will continue, but an emphasis will be on paying recipients directly rather than through a web of intermediaries. Payments for child care and food will be doubled.
  • The Argentine peso is devalued by 54%.
.  .  .
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Online LMAO

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #2 on: December 17, 2023, 10:16:50 pm »
 :yowsa: :yowsa:

Now, contrast that with our two choices going into 2024
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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #3 on: December 17, 2023, 10:28:30 pm »
Quote from: Hoodat on December 17, 2023, 10:08:47 pm
On Tuesday, Milei's Economy Minister announced a series of emergency economic measures. The goal is to balance Argentina's budget in 2024. The cut is the equivalent of the US reducing its $6.4 trillion budget by $1.4 trillion.

  • All government employees hired in the last year will be fired. Caputo said this is to end "a habitual political practice of incorporating friends and family before the end of a presidential term."
  • All government advertising will be suspended for a year. "There is no money for expenses which are not strictly necessary and far less to sustain with tax-payer funding media which were only created to sing the praises of the incumbent government," Caputo said.
  • Reducing government ministries to nine and secretariats from 106 to 54 will cut senior political posts by over 50%, and the number of political posts will be cut by 34%.
  • Transfers of money to provinces will stop except for the bare minimum. These transfers have previously been used to reward friends and buy political favors. Not mentioned is that the government jobs they supported will also go away along with the transfers.
  • All public works contracts are canceled unless the project is already underway.
  • Energy and transportation subsidies will be reduced. The transportation subsidies are essentially a jobs program.
  • Current welfare programs will continue, but an emphasis will be on paying recipients directly rather than through a web of intermediaries. Payments for child care and food will be doubled.
  • The Argentine peso is devalued by 54%.
.  .  .

WOW! I'm thinking this man is actually serious! If we could get our government to do one quarter of that what a difference it would make!
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"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #4 on: December 17, 2023, 10:30:52 pm »
Quote from: Bigun on December 17, 2023, 10:28:30 pm
WOW! I'm thinking this man is actually serious! If we could get our government to do one quarter of that what a difference it would make!

It would have to get pretty bad for us to go that direction

Every spending program has a constituency.
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I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

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Offline Hoodat

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #5 on: December 17, 2023, 10:31:22 pm »
He's the anti-Trump.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #6 on: December 17, 2023, 10:35:24 pm »
Quote from: LMAO on December 17, 2023, 10:30:52 pm
It would have to get pretty bad for us to go that direction

Every spending program has a constituency.

:yowsa: The exact problem!
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"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #7 on: December 17, 2023, 11:55:58 pm »
Quote from: Hoodat on December 17, 2023, 10:31:22 pm
He's the anti-Trump.

I’ve heard some people compare him Pinochet. Some of their economic policies might be similar, but that’s it
« Last Edit: December 18, 2023, 12:00:43 am by LMAO »
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I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

Barry Goldwater

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My Avatar is my adult autistic son Tommy

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #8 on: December 31, 2023, 06:13:15 pm »
Meet José Antonio Kast. He just announced that he is running for president of Chile next year. He is a right-wing nationalist who plans to crack down on crime, end socialism, and destroy wokeness. ...


https://twitter.com/EndWokeness/status/1741487189106602213
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Offline LadyLiberty

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #9 on: December 31, 2023, 07:10:21 pm »
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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #10 on: December 31, 2023, 08:05:39 pm »
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"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

Offline Hoodat

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #11 on: December 31, 2023, 08:46:50 pm »
Quote from: Bigun on December 31, 2023, 08:05:39 pm
I love that guy and would kick in to get him a haircut!

And the flight attendant tells him to quickly return to his seat in the back of the plane.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #12 on: January 17, 2024, 04:49:14 pm »
Speaking to the collectivists and commies at Davos:

Javier Milei sounds the alarm on the decline of the West to collectivism. "I'm here to tell you that the Western world is in danger. And it is in danger because those who are supposed to defend the values of the West are co-opted by a vision of the world that inexorably leads to socialism and thereby to poverty.

https://twitter.com/stillgray/status/1747661017591800238
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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #13 on: January 17, 2024, 04:57:24 pm »
Quote from: mountaineer on January 17, 2024, 04:49:14 pm
Speaking to the collectivists and commies at Davos:

Javier Milei sounds the alarm on the decline of the West to collectivism. "I'm here to tell you that the Western world is in danger. And it is in danger because those who are supposed to defend the values of the West are co-opted by a vision of the world that inexorably leads to socialism and thereby to poverty.

https://twitter.com/stillgray/status/1747661017591800238

He’s got one hell of a fight on his hands, but if he wins, the people of Argentina win

This is my 2024 write  in candidate
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I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

Barry Goldwater

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My Avatar is my adult autistic son Tommy

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #14 on: January 17, 2024, 04:58:43 pm »
Milei's full speech to the WEF one-worlders.

https://twitter.com/EndWokeness/status/1747662634462159309
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Offline Hoodat

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #15 on: January 17, 2024, 07:08:56 pm »
I wish America had a President like that.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #16 on: January 17, 2024, 07:33:16 pm »
Quote from: Hoodat on January 17, 2024, 07:08:56 pm
I wish America had a President like that.

 :yowsa: Me too!
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"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #17 on: January 17, 2024, 07:57:33 pm »
Quote from: Bigun on January 17, 2024, 07:33:16 pm
:yowsa: Me too!

Me three

But he got elected because the Argentina people had enough of poverty and inflation. How many years did they put up with it?
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I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

Barry Goldwater

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My Avatar is my adult autistic son Tommy

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #18 on: January 17, 2024, 08:12:41 pm »
I'm guessing they didn't try that WEF mumbo-jumbo on Javier.  :silly:

https://twitter.com/OliLondonTV/status/1747701707650249214
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Online mountaineer

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #19 on: February 18, 2024, 08:15:42 pm »
Free Mind
@FreeMind1295910
BREAKING:  Argentine President Javier Milei has fulfilled another of his campaign promises.
Argentina achieved a balanced budget in January for the first time in over a decade.
It was done by cutting many agency budgets by over 50% in real terms.
12:47 PM · Feb 18, 2024
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Offline Hoodat

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #20 on: February 18, 2024, 08:53:24 pm »
Quote from: mountaineer on February 18, 2024, 08:15:42 pm
Free Mind
@FreeMind1295910
BREAKING:  Argentine President Javier Milei has fulfilled another of his campaign promises.
Argentina achieved a balanced budget in January for the first time in over a decade.
It was done by cutting many agency budgets by over 50% in real terms.
12:47 PM · Feb 18, 2024

How can we get this guy to come to the US and do that?  We haven't had a balanced budget in 67 years.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #21 on: February 18, 2024, 09:34:46 pm »
Quote from: mountaineer on February 18, 2024, 08:15:42 pm
Free Mind
@FreeMind1295910
BREAKING:  Argentine President Javier Milei has fulfilled another of his campaign promises.
Argentina achieved a balanced budget in January for the first time in over a decade.
It was done by cutting many agency budgets by over 50% in real terms.
12:47 PM · Feb 18, 2024



And the Calvin Coolidge award goes to..... Javier Milei!
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"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #22 on: February 18, 2024, 09:57:02 pm »
Quote from: Hoodat on February 18, 2024, 08:53:24 pm
How can we get this guy to come to the US and do that?  We haven't had a balanced budget in 67 years.

67 years? ...hmmm.....according to stats we had a budget surplus in 1969, and from 1998 to 2001.

Those years fall under Nixon and Clinton, though some websites are indicating LBJ.

https://www.thoughtco.com/history-of-us-federal-budget-deficit-3321439
« Last Edit: February 18, 2024, 09:59:53 pm by libertybele »
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Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Offline Hoodat

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #23 on: February 18, 2024, 10:36:14 pm »
Quote from: libertybele on February 18, 2024, 09:57:02 pm
67 years? ...hmmm.....according to stats we had a budget surplus in 1969, and from 1998 to 2001.

Those years fall under Nixon and Clinton, though some websites are indicating LBJ.

https://www.thoughtco.com/history-of-us-federal-budget-deficit-3321439

In 1969, the national debt increased by $6 billion.  For the years 1998 thru 2001, it increased $113 billion, $130 billion, $18 billion, and $132 billion respectively.  You have to go all the way back to 1957 to find a year where the debt went down.

Bottom line, if the debt goes up, then you spent more money than you brought in.  Call it whatever you want, but that is not 'balanced'.

https://www.investopedia.com/us-national-debt-by-year-7499291
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

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Re: Argentina's Javier Milei Unveils His 'Austerity Budget' to Crush Inflation and Crony Capitalism
« Reply #24 on: February 18, 2024, 10:43:51 pm »
The last time our federal government spent less the following year than it did the previous year was 1924 to 1925. One full century ago now.
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"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien
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