Trump's pick along with Musk, to cut federal spending, Vivek Ramaswamy, recently tweeted: "A reasonable formula to fix the U.S. government: President Milei-style cuts, on steroids." According to recent reports, Argentina is currently in a recession with over 50% of the population living below the poverty line, with the latest official figures showing a poverty rate of 52. 9% for the first half of 2024, a significant increase from previous years; this is largely attributed to the economic policies implemented by President Javier Milei which have led to high inflation and austerity measures.
Moderator's Note: What was Argentina like before?