"While Trump is rushing to give billions away to a foreign entity, he's in no hurry to help soldiers. Late Friday, The Trump administration temporarily ruled out pursuing a short-term legislative measure to guarantee pay for military members at risk of missing paychecks next week, opting instead to consider other possible solutions."
"Trump's Treasury is wiring billions abroad, which amounts to a foreign bailout for bankers and investors, not soldiers and citizens. It just proves what's really important to Trump and his administration: to hell with the poor, and let's line the pockets of the rich."
"What's so galling about this giveaway is who benefits from the deal. While the military goes unpaid and government workers are laid off, Wall Street jumps for joy. Hedge funds and private investors who hold Argentine debt stand to make windfall profits from Trump's loan, effectively using American taxpayer dollars to enrich the ultra-wealthy."
An administration-approved $20 billion loan to Argentina occurred during a U.S. government shutdown while hundreds of thousands of service members face missed paychecks and most federal workers have frozen pay. The administration temporarily ruled out pursuing a short-term legislative measure to guarantee military pay and initiated substantial federal layoffs. Treasury actions are described as wiring billions abroad, characterized by critics as a foreign bailout for bankers and investors rather than support for soldiers or citizens. Hedge funds, private investors, and wealthy individuals holding Argentine debt are positioned to profit, and connections between officials and investors raise concerns about who benefits.
Read at Advocate.com
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