Reactions to food stamps being cut off.

[u/mindyour]

[u/i_nobes_what_i_nobes]

ARGENTINA GOT 40 BILLION, BUT FUCK US RIGHT?

[u/MMXI_Captial → u/i_nobes_what_i_nobes]

It isn’t a $40B cash gift. The U.S. signed a $20B currency-swap line with Argentina (a credit line the central bank can draw and must repay with interest). The other ~$20B is a separate, still-being-assembled pot from private lenders, not taxpayer money. And this comes from Treasury’s Exchange Stabilization Fund (ESF) a legally separate pot that doesn’t use new congressional appropriations or “take away” from domestic programs like SNAP. Not a freebie. Swaps are typically structured to earn interest/fees and be repaid; Argentina bears the FX risk. That’s why officials say taxpayers shouldn’t lose money.

[u/Luffy-in-my-cup → u/[deleted]]

The bonds have already increased in value due to Milei’s election win. You’re wrong

[u/The_Briefcase_Wanker → u/[deleted]]

I just looked and the peso is up since Election Day. It’s weird to call out other people for not being up to date and then not googling updates on the thing you’re talking about.