From: Nightshade Vale <bla@bla.bla>
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)
Date: Fri, 21 Nov 2025 15:16:48 -0500
Organization: A noiseless patient Spider
On 11/21/25 2:32 PM, Mitchell Holman wrote:
> 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".
Why not? Here are just a few that it did re-pay
1970sâ1980s
Latin American debt crisis
~$5â6 billion (U.S. banks)
Repaid
2018â2022
IMF Stand-By Arrangement
$57 billion total ($44B disbursed) â ~$7â8B U.S. share
Repaid
1995
U.S. Treasury (ESF)
$500 million bridge loan
Repaid
1980s
USAID / Ex-Im Bank
$1.2 billion in food & export credits
Repaid
2006
U.S. Paris Club slice
$390 million (U.S. 6.28 % of total)
Repaid
>
>
> "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 â
> 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 $10â15 billion."
>
> https://www.fairobserver.com/economics/argentinas-endless-cycle-why-
> sovereign-debt-crises-keep-returning/
>