How did he do it? Easy: he cut a host of central government agency budgets by 50% while slashing crony contracts and activist handouts.
For perspective, if you cut the entirety of Washington’s budget by 50%, you’d save a fast 3 trillion dollars and start paying off the national debt.
It turns out it can be done, and the world doesn’t collapse into chaos.
Deficits aren’t the only win Milei’s logged. He’s slashed crony regulation, got rid of currency controls, and recently slashed rent prices by removing controls — that actually led to a doubling of apartments for rent in Buenos Aires, slashing rent costs.