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Argentina's Javier Milei Ends Deficit
for the First Time In 123 Years

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Posted By: Northcross, 12/11/2024 8:51:46 PM

Argentina's fiscal deficit has been a persistent challenge for its economy, driven by structural inefficiencies, spending, and limited revenue generation. As a result, the government must borrow or print money to finance the gap, fueling sky-high inflation and undermining its economic stability. However, for the first time in 123 years, President Javier Milei ended the country’s deficit in just one year of his presidency. When Milei took office on December 10, 2023, he promised to take a “chainsaw” to the nation’s economy— and that he did. “The deficit was the root of all our evils—without it, there’s no debt, no emission, no inflation,” Milei said.

Comments:

A big boo-hoo to the useless bureaucrats who lost their jobs. Ranchers on the Pampas are hiring farmhands. Go do something productive. Now if the good old USA can be just as effective in the coming administration.

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Reply 1 - Posted by: FunOne 12/11/2024 9:39:42 PM (No. 1853140)
So, socialism doesn't work then? Rush was right all along.
34 people like this.

Reply 2 - Posted by: RussZilla 12/11/2024 9:46:03 PM (No. 1853142)
What does an economic transition do to pensions, I wonder. I’m retired.
4 people like this.

Reply 3 - Posted by: govlawyer 12/12/2024 4:34:49 AM (No. 1853215)
I think it's time for us to work closely with this guy...and maybe give him a seat at the DOGE table. He has good ideas and so far, he's produced as promised (just like DJT did as 45).
19 people like this.

Reply 4 - Posted by: mifla 12/12/2024 5:04:46 AM (No. 1853220)
The left will ignore the results and say that his actions are doing more harm than good.
17 people like this.

Reply 5 - Posted by: billa57 12/12/2024 5:49:05 AM (No. 1853241)
It can be done, and it needs to be done. With DJT, Elon Musk, and Vivek Ramaswamy, it will be done.
11 people like this.

Reply 6 - Posted by: Ida Lou Pino 12/12/2024 9:10:08 AM (No. 1853367)
Milei is the Ramaswamy of Argentina. Cent'anni to both of those beautiful men!
10 people like this.

Reply 7 - Posted by: Zumkopf 12/12/2024 9:13:39 AM (No. 1853371)
It’s fantastic to learn from Argentina as an example instead of as a cautionary tale. God bless Milei, and God bless Argentina!
11 people like this.

Reply 8 - Posted by: Rumblehog 12/12/2024 9:14:07 AM (No. 1853372)
I suppose his previous opponent and his bootlicking "fellow travelers" will all posit that Milei "inherited" his recovering economy from the socialist-communist opposition party...
7 people like this.

Reply 9 - Posted by: Dodge Boy 12/12/2024 9:35:59 AM (No. 1853390)
Elon and Vivek should catch up with Milei one of these days to discuss how Milei pulled this off.
6 people like this.

Reply 10 - Posted by: Zigrid 12/12/2024 10:14:02 AM (No. 1853428)
Good for him...and better yet...good for Argentina...he has proven everything he said and it only took him one year.....looking forward to President Trump's first year...he's coming to Washington DC loaded for bear...and the leftie swamp is running for cover....I'm sure Barack HUSSEIN Obama has more plans for President Trump...but I get the feeling...MAGA is ready for him and his Iranian staffers in the White House.....
4 people like this.

Reply 11 - Posted by: NotaBene 12/12/2024 11:05:02 AM (No. 1853474)
President Milei is uprooting Peronism. Beautiful to watch. Pope Francis is Peronista. Could some Priest rid the world of this Argentine thorn?
3 people like this.

Reply 12 - Posted by: PrayerWarrior 12/12/2024 11:24:36 AM (No. 1853485)
This success in Argentina should be an encouragement to us, the USA to get our house in order. They, Argentina, took a year to do it. Why can't we? With God's help, nothing is impossible.
6 people like this.

Reply 13 - Posted by: oldmagnolia 12/12/2024 2:27:04 PM (No. 1853581)
I just went to the sites of two of newspapers in Argentina. None of them say one word about this. I guess the press is ugly everywhere.
3 people like this.

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Argentina's Javier Milei Ends Deficit
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Posted by Northcross 12/11/2024 8:51:46 PM Post Reply
Argentina's fiscal deficit has been a persistent challenge for its economy, driven by structural inefficiencies, spending, and limited revenue generation. As a result, the government must borrow or print money to finance the gap, fueling sky-high inflation and undermining its economic stability. However, for the first time in 123 years, President Javier Milei ended the country’s deficit in just one year of his presidency. When Milei took office on December 10, 2023, he promised to take a “chainsaw” to the nation’s economy— and that he did. “The deficit was the root of all our evils—without it, there’s no debt, no emission, no inflation,” Milei said.
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