Argentina's President Milei Advises U.S. Leaders on Radical Spending Cuts
Javier Milei's sweeping economic reforms inspire U.S. Department of Government Efficiency led by Elon Musk and Vivek Ramaswamy.
- Argentine President Javier Milei, known for his drastic budget cuts, has become a model for the U.S. Department of Government Efficiency (DOGE), spearheaded by Elon Musk and Vivek Ramaswamy under President-elect Donald Trump.
- Milei's reforms in Argentina included closing nine ministries, laying off tens of thousands of public employees, and reducing state spending by 31% within his first year in office.
- While Milei's policies have dramatically reduced inflation in Argentina from 25.5% to 2.7%, they have also triggered a recession, widespread protests, and pushed millions into poverty.
- Milei met with Trump and U.S. lawmakers at Mar-a-Lago, offering advice to Musk and Ramaswamy to pursue aggressive spending cuts and deregulation in the U.S. federal government.
- Critics argue that implementing similar reforms in the U.S. would face significant challenges, including legislative hurdles and potential risks to essential programs like Social Security and Medicare.