If saving money is the main talking point this move certainly feels like buying a luxury suit while your house is on fire. There is no denying Argentina needs liquidity but the US cannot keep trying to be both the global banker and the domestic austerity champion without contradictions becoming glaring. Maybe the administration believes that a politically aligned Argentina is worth twenty billion in goodwill and stability but for taxpayers this looks more like a high risk investment in someone else’s recovery during a time when the US itself is struggling to keep the lights on...
If saving money is the main talking point this move certainly feels like buying a luxury suit while your house is on fire. There is no denying Argentina needs liquidity but the US cannot keep trying to be both the global banker and the domestic austerity champion without contradictions becoming glaring. Maybe the administration believes that a politically aligned Argentina is worth twenty billion in goodwill and stability but for taxpayers this looks more like a high risk investment in someone else’s recovery during a time when the US itself is struggling to keep the lights on...