Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: Re: Budget Cuts For NASA (But Billions For Argentina)
From: Mitchell Holman <noemail@aol.com>
Organization: ViperNews - www.vipernews.com
Date: Fri, 21 Nov 2025 19:32:30 +0000
Nightshade Vale <bla@bla.bla> wrote in
news:10fqan1$3rnc8$1@dont-email.me:
> On 11/21/25 1:02 PM, AlleyCat wrote:
>>
>> On Fri, 21 Nov 2025 12:31:24 -0500, Nightshade Vale says...
>>
>>> What money for Argentina?
>>
>> The same money most, if not all, Presidents have given to them over
>> the past few decades.
>
> Trump gave them a loan in the form of a currency swap. No money was
> given to them.
Nobody expects Argentina - already
over $400 billion in debt and a history
of defaulting - to actually repay that
"loan".
"In December 2001, Argentina defaulted
on $95 billion in sovereign debt; this
was the then-largest default in history."
"By 2018, sudden capital outflows forced
Argentina to seek another IMF rescue
this time a record $57 billion program."
"By mid-2025, Argentina once again stood
on the brink of financial collapse.
Simultaneously, the IMF Executive Board
approved a 48-month EFF valued at $20
billion (479% of quota). It came with an
immediate $12 billion disbursement and a
first review scheduled for June 2025,
tied to an additional $2 billion tranche."
"Total external debt, estimated at around
$400 billion, imposes an annual interest
burden exceeding $1015 billion."
https://www.fairobserver.com/economics/argentinas-endless-cycle-why-
sovereign-debt-crises-keep-returning/