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Cut Argentine

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home repair advice

Tea Partiers: Argentina defaulted on their Gigantic debt in 2002, why aren't Argentines living in caves today?

I thought that, according to conservative orthodoxy, if we don't pay off our national debt by cutting taxes (LOL?) and spending, we'd end up like the Soviet Union.
@ Joe: But the IMF didn't bail out Argentina... Nestor Kirchner refused to pay back the debts...
@ thedude: $132B is pretty large compared to Argentina's GDP

They had to go through tough times and still had to restructure their debt in 2005, nobody said anything about living in caves.