Javier Milei suffers defeat on pension spending in Argentina’s senate

Posted by TheAleofIgnorance

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  1. technologyisnatural on

    > Senators voted 61-8 in favour of a new formula for calculating pensions that would link them to both Argentina’s sky-high inflation and salaries.

    > Milei confirmed earlier plans to veto the bill, describing the vote as “an act of populist demagogy”. In an interview with local media on Friday he accused lawmakers of aiming “to break this government”.

    > “The bill . . . establishes exorbitant costs without their corresponding budget provisions, which would force the government to resort to old practices of printing money, hiking taxes or taking on debt, which are the same prescriptions that have led us to failure for the past 100 years,”

    https://archive.is/NOmyx

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