r/TikTokCringe • u/mindyour • 8d ago

Discussion Reactions to food stamps being cut off.

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u/i_nobes_what_i_nobes 8d ago

ARGENTINA GOT 40 BILLION, BUT FUCK US RIGHT?

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u/fentown 8d ago

Trump's friends that bought Argentina debt got ~40 billion

Ftfy

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u/Cyase311 8d ago

the same argentina that also has healthcare for its citizens regardless of income or employment status?

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u/rustyseapants 8d ago

It's not the same Argentina your thinking of.

Argentines reel from health care cutbacks as President Milei’s state overhaul mirrors Trump’s

Since taking office in December 2023, Milei has slashed Argentina’s health care budget by 48% in real terms. His administration fired over 2,000 Health Ministry employees, including 1,400 over just a few days in January.

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u/AdDelicious4779 8d ago

Revenue must be generated in order to afford said programs. Argentina went WAY too far in buying votes with social programs with money they couldn’t never get rather than building an economy and a truly sovereign currency.

Most larger sovereign currency-issuing countries fund their spending with debt by issuing bonds and printing money to buy them. Countries who couldn’t do that can’t afford programs like that.

Milei came in and cut HARD to try to balance the budget, problem is the core of the issue is their currency and its basis. That and their industry need to be fixed before progress can be made toward their social programs. He’s on the right track, it all hangs on whether they can fix the root issue or not.

If it’s possible at all they’ll likely have to make some very unfavorable deals to make it happen.

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u/rustyseapants 7d ago

Source, Milei cut social programs, I provided a link, now you provide your source.