To face it in the streets. After losing in deputies, Milei seeks to stop increases to retirement, disability and health

The President Javier Milei justified, by national chain, the “fiscal balance” and announced two measures to deepen the fiscal adjustment. The Government confirms the chainsaw to the most vulnerable sectors to meet the IMF while rewarding the agrarian employers with the decrease in retentions, speculators such as the JP Morgan Bank, which won with the financial bicycle.

The official announcement occurs after suffering another defeat in deputies with the approval of the University Financing Law and the emergency in pediatric health.

Milei repeats that there is no money, but as far as his government goes, he stole 2,100,000 pesos to each retiree. A robbery to those who worked all their lives.
The country’s richness is taken by a little handful of speculators friends of Caputo and the large business groups.

– Nicolas del Caño (@nicolasdelcano) August 9, 2025

The president announced two decisions which will take to maintain “fiscal balance.” First, he will sign an instruction to the Ministry of Economy to prohibit the treasure for financing primary expense with monetary issuance. Second, will send to Congress A bill to penalize the approval of national budgets with fiscal deficit. The rule will require balance or surplus and every change will be supported by equivalent cuts. According to Milei, the project will include sanctions for legislators and officials who do not comply with the new regulations. This project is similar to the Zero deficit law Domingo Cavallo of 2001. Within the framework of that law, the salary to public employees, retirements and pensions were adjusted by 13%. It is known as history ended: Argentina ended in a crisis with a poverty greater than 50% and an unemployment that was around 25%. In 2002, the law was declared unconstitutional by the Supreme Court of Justice.

What announces Milei is illegal. It cannot be provided by decree in tax matters according to art. 99 inc. 3 National Constitution.
The fiscal deficit or surplus are linked to collection, therefore to taxes.
Your ad is totally monarchical: the …

— Myriam Bregman (@myriambregman) August 9, 2025

Milei began his speech recalling that his management assumed with “a clear economic mandate: ending inflation and generating the conditions for Argentina to grow in a sustained way all the time.” Then he repeated his economic fiction numbers.

The president said “today the Nation Congress is promoting expenses without explaining its source of financing, and without worrying because that source implies or not printing money,” escorted Luis Caputo, Minister of Economy, and Santiago Bausili, president of the Central Bank.

Milei considered that “approving all these projects of the congress implies neither more nor less than returning the time ago.” The president insisted “I want to be very clear with something: there is no possibility that I allow this to happen. We will not go back. We are not going to return to the past. We are not going to return to the path of the decline.” And his speech culminated “And I tell Congress: if you want to go back you will have to take me with your feet forward.”

There is money for big businessmen

The president says there is no money, but omits The gifts he granted to the great entrepreneurs and imply a loss of resources and collection. For Milei, “fiscal balance” does not matter.

The Financial bicycle which benefited banks such as JP Morgan, former Luis Caputo employer, cost an increase in capitalized interests of 2.6% of GDP in 2024 to 4.8% of GDP in 2025, according to data from the Congress Budget Office.

The Reduction of export rights to soybeans and derivatives and main grain and meat items mean A transfer of between US $ 1,200 and 1,400 million From the State to the pockets of the agricultural employers, or the equivalent of 0.19–0.22 % of the annual GDP, CEPA estimated. The same that would serve to finance half of the rise and the bonus to the retirees that Milei vetoed.

The National Government also eliminated retentions to more than 230 mining products, including gold and copper, with the excuse of promoting exports. Behind the more sales discourse abroad hides the destruction of territories, irrational use of water, expulsion of communities, pollution and loss of biodiversity.

The Government Taxes decreased in favor of the country’s owners. So reduced personal goods (The only tax that applies to wealth), granted moratoriums of all kinds to the employers with the tax reform and the Base Law, guarantees discounts of employer contributions and opens permanent “capitals of capital” for the rich and evaders.

To face it in the streets

You have to face Milei’s tight plans and IMF in the streets. The union leaders keep the truce with the government. When a national strike was convened, it was shown that the working class has the strength to propose to defeat Milei’s plans and the great entrepreneurs. They need to call a Unemployment, Fight Plan and coordinate with the sectors that are fighting as workers of Georgalos, Secco, Garrahan, Petrochemistry Río Tercero, Inti, Road, the workers’ efforts in Neuquén, the retirees, the people with disabilities, teachers of Jujuy until ending with these criminal economic plans.

It is necessary that the fighting measures continue and that they are not isolated in the perspective of the general strike, until defeating the attacks and imposing an exit from the working class.
A different path that puts in the center the urgent needs of retiree, retirees, employees, of those who have no job, that ends with the tariff and privatized regime, requires cutting the dependency ties with imperialism, requires breaking with the background and their impoverishing recipes, and it is necessary to mobilize by Sovereign debt ignoranceand that all resources are oriented to a reorganization of the economy, under new bases, through democratic planning, from below.