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Giuliano Giacaglia
@giu
Decline is a choice. That’s true in Argentina as well as in America! “Apparently it took Milei just 9 and a half weeks to balance a budget that was projected at 5% of GDP under the previous government. In US terms, he turned a 1.2 trillion dollar annual deficit into a 400 billion surplus. In 9 and a half weeks.”
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m00npapi🎩q/dau
@m00npapi.eth
1. It’s zerohedge (lol) 2. He defaulted on most of the debt, they’re starting the counter after that and then calling it a surplus 3. Argentinas poverty rate is skyrocketing (57%) - this headline could also read “budget balanced after half of population starves”
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Edgar Allan Poser
@edgarallanposer
The large poverty was already achieved by the previous governments though.
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m00npapi🎩q/dau
@m00npapi.eth
57% is a 20 year high on this stat
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Edgar Allan Poser
@edgarallanposer
Caused by inflation. Which the previous government can largely be credited to.
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Edgar Allan Poser
@edgarallanposer
But austerity might very likely make matters worse in the short term, if there's less money from the state. Maybe for a couple of years, until the turnaround is achieved. I'm very much interested in seeing how this turnaround is going to work out for Argentina long term.
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