Argentina’s Milei Has Cut Inflation by Nearly 10X This Year

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Many are saying that it will be impossible for President-Elect Donald Trump to eliminate federal departments in the Executive Branch. They’re in for a rude awakening. Not only is it possible, but it is also necessary to end the inflationary death spiral that Joe Biden and Kamala Harris put America in. Argentina’s President Javier Milei has already shown the world that it’s possible to cut government spending to reduce inflation. October’s monthly inflation rate in Argentina was down to 2.7%, compared to 25.5% in January of this year.

The National Institute of Statistics and Census of Argentina (INDEC) announced Thursday that inflation had dropped to 2.7% in October. It was 3.5% in September. Inflation on housing, water, electricity, gas, and other fuels was 5.4% last month. Milei had promised to get inflation below 3% before the end of the year. Now the country is hoping to get it down to 1% by January 1st so that the Argentinian people’s wages can at least start gaining against the inflation rate.

How did Milei do it? Steep cuts. Deep, painful cuts to government spending (at least painful to some). As a third-world banana republic, Argentina had an awful lot of money falling into the pockets of corrupt bureaucrats, politicians, and military leaders. Sound familiar?

The Biden regime has been cooking the books for the past three years now. They inherited one of the best economies in our nation’s history and promptly wrecked it by strangling energy production and passing a $2 trillion spending package that was outside of the already bloated federal budget.

Government spending is the main driver of our inflation. In 2019, the federal government took in $3.4 trillion in revenue and spent $4.4 trillion. Under Biden-Harris, government spending doubled over the amount of taxes and other revenue the government took in.

The Pentagon just completed its seventh straight department-wide audit—and failed. At $984 billion, that is the single largest federal expenditure and they can’t even tell the American people where the money went. That’s nearly a trillion dollars and it doesn’t even include the firehose of cash that Joe Biden has aimed at Ukraine.

Remember when Congress told President Trump back in 2017 that it couldn’t scrounge up enough cash ($5 billion) to pay for the wall on the southern border? The Department of Defense says that the US has sent $56.3 billion to Ukraine. The Department of State says the number is $64 billion. The Council on Foreign Relations says it’s $106 billion. The nonprofit Committee for a Responsible Federal Budget puts the number at $175 billion. The Inspector General for Ukraine Oversight says it’s $183 billion.

It’s like the money isn’t even real to these jerks. You wouldn’t allow people like this to run a corner lemonade stand and yet they’re in charge of spending trillions of our tax dollars every year. This has to end.

If a nation as corrupt as Argentina can turn its inflation spiral around, America can do the same. President-Elect Trump has congressional authority to reorder, rearrange, reduce, or eliminate federal departments as he sees fit.

Some say that President Trump can’t eliminate the Department of Education, as he has promised to do. Oh, yes, he can! Show us anywhere in the Constitution or in any federal statute where it says he can’t. We’ll wait.

Javier Milie has proven that inflation can be reduced by reducing government spending. Everyone knows that this one weird trick works. Most government leaders simply don’t have the courage to do what’s right for their people by reducing spending.