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Argentine leader raising cash handouts 35 percent, adding 700,000 more children to program
Washington Post ^ | Wednesday, May 22, 7:41 PM | Associated Press

Posted on 05/22/2013 4:52:52 PM PDT by Pan_Yan

BUENOS AIRES, Argentina — Argentina’s president announced a $3.2 billion annual increase in cash handouts for the poor, students and pregnant women Wednesday, saying the programs will reach nearly 700,000 additional children, pay their families 35 percent more and encourage consumer spending in what is an election year.

Cristina Fernandez said the total cost of the programs will rise to 41 billion pesos, or $7.8 billion a year at the official exchange rate. She called it a powerful boost to consumer demand.

...

Earlier Wednesday, the government announced that a price freeze on 500 consumer goods would remain in place through October — which is when Argentines cast ballots in legislative elections that will determine whether the president has enough votes in Congress to eliminate constitutional term limits that would end her mandate in 2015.

Fernandez said her government will be watching businesses closely and taking action against unjustified price increases that she blames for fueling Argentina’s inflation. The official statistics institute says prices are rising 10 percent a year, but private economists estimate inflation is two to three times higher.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Foreign Affairs; News/Current Events
KEYWORDS: argentina; entitlements; socialism
Boy, socialism sounds just as stupid in Spanish as it does in English.
1 posted on 05/22/2013 4:52:52 PM PDT by Pan_Yan
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To: Pan_Yan
She called it a powerful boost to consumer demand.

Wonder where she got that line?


2 posted on 05/22/2013 4:55:33 PM PDT by Steely Tom (If the Constitution can be a living document, I guess a corporation can be a person.)
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To: Pan_Yan
What could possibly go wrong?
3 posted on 05/22/2013 4:59:09 PM PDT by thoolou ("Technology is driven by those who understand it the least" - Unknown)
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To: Pan_Yan

C’mon Barry! Don’t let her show you up! Add 11,000,000 illegals to health care and welfare!


4 posted on 05/22/2013 5:01:27 PM PDT by Darteaus94025
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To: thoolou
What could possibly go wrong?

You just wait. Utopia is going to break out in Argentina at any moment.

5 posted on 05/22/2013 5:02:19 PM PDT by Pan_Yan (I believe in God. All else is dubious.)
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To: Darteaus94025
C’mon Barry! Don’t let her show you up! Add 11,000,000 illegals to health care and welfare!

Too late.

6 posted on 05/22/2013 5:02:49 PM PDT by Pan_Yan (I believe in God. All else is dubious.)
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To: Pan_Yan

The Plastic Queen is still in power?


7 posted on 05/22/2013 5:07:05 PM PDT by Viennacon
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To: Pan_Yan

And when they go broke they will come to the USA crying for money.


8 posted on 05/22/2013 5:19:37 PM PDT by I want the USA back (Pi$$ed off yet?)
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To: Pan_Yan

Don’t cry for meeee...


9 posted on 05/22/2013 5:25:19 PM PDT by thoolou ("Technology is driven by those who understand it the least" - Unknown)
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To: Pan_Yan

>>Cristina Fernandez said the total cost of the programs will rise to 41 billion pesos, or $7.8 billion a year at the official exchange rate. <<

Or 1000 Venezuelan Toilet Paper Rolls.


10 posted on 05/22/2013 5:45:04 PM PDT by freedumb2003 (To attempt to have intercourse with a hornet's nest is a very bad idea)
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To: Pan_Yan

Sanford......your girlfriend can get freebies now instead of us having to pay for it.


11 posted on 05/22/2013 5:46:59 PM PDT by napscoordinator (Santorum-Bachmann 2016 for the future of the Country!)
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To: Pan_Yan
She called it a powerful boost to consumer demand.

It is hardly a boost to take from consumers who work to give to other consumers who don't work so they can consume too. The only "demand" is the people consume other people's earnings. What stupidity.

12 posted on 05/22/2013 6:07:25 PM PDT by PistolPaknMama
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