Argentina, once one of the world’s greatest economies, died earlier this century. What happened in Argentina, is now happening in the United States. In the early 20th century, Argentina was one of the richest countries in the world. Today, because of socialism, they are one of the most impoverished countries on the globe. In one hundred years they went from the third most powerful economy, to the last. At that time, it was Great Britain, America and Argentina, who were atop the list of the brightest futures of all countries. In 1916, Argentina elected a new president, Hipolito Irigoyen from a new party called “The Radicals”, under the banner of “fundamental Change”, with an appeal to the middle class. Sound familiar?
Like the United States, Argentina was blessed with abundant agriculture, rich farmlands and accessible port systems. Among the many changes Irigoyen made were, mandatory health insurance, and support for low-income housing construction to stimulate the economy. Currently, we have cities such as Seattle Washington, who are building houses for the homeless, on the taxpayers dollar. Seattle, a sanctuary city, is falling to the same misconception other major cities have, thinking they can throw taxpayer dollars at a problem to fix it. It doesn’t work, never has, never will. In Argentina, taxes increased, entitlement programs rose, and before long the funds going out, surpassed the value of the taxpayers contribution. Simply put, these programs became under-funded, much like our Medicare and Social Security programs.
As the twentieth century rolled on, a new president was elected in 1946, Juan Peron. When Peron became president, one of his stated goals was social justice. Peron had a fascist and corporatist upbringing. He and his charismatic wife Eva, aimed their rhetoric at the country’s rich. In the U.S., this is precisely what the Socialists Democrats running for office are doing. Even though each of them is filthy rich, somehow, they don’t see the hypocrisy. Under Peron, the government power exploded through massive programs of social spending and encouraged the growth of labor unions.
High taxes and economic mismanagement took their inevitable toll even after Peron had been driven from office. Argentina’s federal government continued to spend far beyond its means. At the end of 2018, the United States debt had reached $21.97 trillion dollars. The similarities here are frightening.
In the 1970’s, inflation in Argentina was so bad, taxi cab drivers were issued a printed chart each morning. The meter reading was adjusted using the daily chart to determine the fare. Hyperinflation exploded in 1989, the final stage of a process characterized by “industrial protectionism, redistribution of income based on increased wages, and growing state intervention in the economy.
The Argentinian government’s practice of printing money to pay off its public debts had crushed the economy. Inflation hit 3,000 percent, food riots were rampant, stores were looted, and the country descended into chaos.
By 1994, Argentina’s public pensions, the equivalent of our social security, had imploded. The payroll tax had increased from 5% to 26%, but it was not enough. In addition, Argentina had implemented a value-added tax. New income taxes, a personal tax on wealth and additional revenues based upon the sale of public enterprises, taxes that crushed the private sector and further damaged the economy. If not for President Trump, this is where we were headed in this country.
A government-controlled “privatization” effort to rescue seniors pensions was attempted. Sounds eerily similar to 2007-2008 when so many people in America lost their pensions and were left working well beyond what they anticipated. However, by 2001, those funds had also been raided by the government. Just like our government has raided our social security system. By 2002, government fiscal irresponsibility, induced a national economic crisis as severe as “America’s Great Depression.”
In 1902, Argentina was one of the world’s richest countries. Now, just over a hundred years later, it is poverty stricken, and struggling to meet its debt obligations. All due to their socialist agenda.
The cover picture on this column is from Los Angeles. It is a common theme you are now seeing from coast to coast in America. REPORT: Homelessness In Los Angeles Has Surged By 75 Percent In Six Years.
You see, government bankrupts everything it touches. We need to look no further than our own government run postal service. After losing nearly $4 billion dollars last year, the postal service is on track to lose $7 billion this year. Even though their rates continue to increase. Can you even imagine what the government would do, long term, to health care?
The Democratic Socialists in America have taken off their masks. Incredibly, they no longer try to hide their socialist agenda, they are brazen. They think their time has come. Through their deceitful ways, they portray that socialism is the answer to equality. They prey on the young.
The only thing standing between them, and the end of America as we know it, is President Trump.
To all AMERICANS, please get involved as we roll into 2020. If you don’t think one person can make a difference, then please read my book. You’ll feel differently afterward and discover YOU can make a difference, just as I did.