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Posted on 08/05/2026 10:00:37 AM PDT by SeekAndFind
While Germany's debt spiral is accelerating ever faster, Argentine President Javier Milei is steering his country in the opposite direction. Germany's statists will soon be left looking foolish once it becomes obvious that the German model has failed.
Only contrast reveals one's own mistakes. Javier Milei is the antithesis of Germany's political class, and the comparison could hardly be starker. While Germany continues to expand the state, Argentina is slashing subsidies and radically reducing the size of its public bureaucracy.
While Berlin piles up enormous amounts of public debt, Buenos Aires is posting a primary budget surplus. Friedrich Merz believes in the healing powers of state intervention, whereas Milei is deregulating markets and paving the way for an investment boom.
Argentina has achieved an economic turnaround while Germany continues its economic decay. Argentina's economy is growing steadily, private-sector employment is expanding, and the poverty rate is falling rapidly.
At a time when Germany is doubling down on debt, the arms industry, and green state planning, Milei appears like a comet defying both political gravity and conventional doctrines of government.
The Argentine president's latest initiative is the so-called "Grillete Fiscal" -- literally, the "Fiscal Shackles."
Behind the martial name lies what amounts to a fiscal revolution. Milei first unveiled the proposal in his characteristically entertaining style during a televised address to the Argentine people. The bill must still be approved by Congress, where his party, La Libertad Avanza, is expected to secure the support of allied parliamentary factions in both chambers.
(Excerpt) Read more at americanthinker.com ...
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I wish Milei’s ideas could be implemented here. He isn’t only thinking about his current administration, but FUTURE administrations when he is no longer President.
Milei’s idea is straightforward: future Argentine governments should have their wings clipped before they are even able to take flight on another debt-financed spending spree.
The mechanism is equally straightforward. Should the federal budget remain in deficit for several consecutive months, Congress would be given a deadline to restore fiscal balance. Failure to do so would automatically trigger a U.S.-style government shutdown.
Here is the difference between Argentina’s shutdown and ours:
First the similarities: Non-essential government activities would be suspended automatically — without further parliamentary debate or political horse-trading.
Here’s the big difference:
The President, Vice President, cabinet ministers, state secretaries, and every member of both houses of Congress would receive not a single peso in salary until the budget is balanced once again.
TRY HAVING THAT HERE IN THE USA!
Germany and the EU have killed Germany. No energy, pollution demands and allowing Chinese to sell into your high cost production zone is killing the great export industries of Germany. Politicians are still in denial all the while the clock goes tic tock…
Ummm…
The general government debt-to-GDP ratios are approximately 63.5% for Germany, 78.4% for Argentina, and 122.7% for the United States
Yes Those are the debt to GDP ratios today.
What was it 3 to 5 years ago?
If your team was winning with an .800 record and is now just 0.63, that’s a regression.
Conversely if your team was losing with a record of 0.200 and you are approaching a winning season, that’s an improvement and you’re moving in the right direction.
As a nation, state, business, or as a citizen - excessive debt is slavery.
Good for Argentina for moving towards being unshackled. We need to do so here in the U.S. Now.
Milei’s idea is straightforward: future Argentine governments should have their wings clipped before they are even able to take flight on another debt-financed spending spree.
I’m sure Argentina will embrace Peronism again soon enough.
Can you see the clowns in DC agreeing to this? Not in a billion years...yet, that's what's needed.
Your figures are “non-information” as it doesn’t show the second derivative, or what the direction the debt is taking.
I would want that sort of government right now.
We could use an emperor to cut the bull and move out the grifters and horrorshows.
I read recently that German auto companies are producing more autos. The catch is, their factories are outside of Germany. Just like industry fleeing Kalifornia, German manufacturing is fleeing their own country.
Most German automobiles are nothing special in Europe. There is no cachet driving one. They are still exotic elsewhwere.
THE KEY:
The President, Vice President, cabinet ministers, state secretaries, and every member of both houses of Congress would receive not a single peso in salary until the budget is balanced once again.
Starve the bastards.
So where the debt stands currently is 'non-information'? Can you genuinely not infer anything from the fact our debt load is nearly twice that of Germany?
Would you judge having twice the debt, and a debt higher than annual GDP, is better or worse? Or is that really beyond your ability to grasp?
We have a GOP Congress and President, and all they've done to a two trillion dollar annual deficit is to try and make it bigger by dreaming up hundreds of billions in new spending.
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