Category: The Washington Free Beacon
Treasury Secretary Bessent torches MSNBC over Argentina ‘bailout’ claims
Treasury Secretary Scott Bessent set the record straight when MSNBC claimed that the Trump administration is providing a “bailout” to Argentina.
‘In most bailouts, you don’t make money. The US government made money.’
News broke in October that the Trump administration would implement a $20 billion currency swap with Argentina, which legacy media outlets have repeatedly described as a “bailout” for the Latin American country. Democrats criticized the plan, arguing that the administration had strayed from its America First agenda and failed to prioritize American farmers, citing trade negotiations with China that led to China temporarily suspending purchases of U.S. soybeans.
During a Friday morning interview on MSNBC’s “Morning Joe,” correspondent Jonathan Lemire asked Bessent, “How does a $20 billion bailout of Argentina help Americans?”
“Do you know what a swap line is?” Bessent replied to Lemire.
“It’s a currency swap, yes,” Lemire responded.
“Yes, but what is that?” Bessent asked.
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Treasury Secretary Scott Bessent. Photo by Andrew Harnik/Getty Images
“You’re the treasury secretary,” Lemire stated.
“Yes, but why would you call it a bailout?” Bessent questioned. “In most bailouts, you don’t make money. The U.S. government made money. We used our financial balance sheet to stabilize the government, one of our great allies in Latin America, during an election.”
He reiterated that the U.S. would make money from the arrangement, adding that he “would rather use peace through economic strength than have to be shooting at narco boats coming offshore if the [Argentinian] government collapsed.” Bessent called the situation a “generational opportunity in Latin America to create allies.”
RELATED: Trump scores win for American farmers as China commits to ‘massive’ soybean purchases
Photo by Chip Somodevilla/Getty Images
“By stabilizing the economy there and making a profit, then that’s a very good deal for the American people,” Bessent continued. “There’s a lot we could have been doing for the American farmers, but Democrats closed the government.”
He clarified that the arrangement with Argentina was a $20 billion credit line and that the U.S. has already made a profit on the swap line, which involved exchanging U.S. dollars for pesos.
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Washington’s priorities are backward — and veterans know it
When Washington shuts down, it doesn’t just stall politics — it shakes the lives of America’s veterans. At the outset of the government shutdown last month, a veteran named James called VetComm in tears. His question was simple but heartbreaking: “Will I still get paid next week? Because I can’t afford groceries if I don’t.”
James served his country with honor. Yet he worried about feeding his family because Democrats in Washington insist on prioritizing illegal immigrants over the very men and women who defended this nation.
Enough is enough. Stop putting illegal immigrants ahead of the heroes who built and defended this country.
I’ve dedicated my life to fighting for veterans like James — those who bled for this country, only to watch so-called representatives in Washington bend over backward for people who entered it illegally. With this latest government shutdown, Democrats have again slammed the door on veterans while rolling out the red carpet for illegal aliens.
A manufactured crisis
For over a month, Democrats held the entire nation hostage, demanding a $1.5 trillion, poison-pill-stuffed funding bill that includes “free health care” for illegal aliens while programs for veterans teeter on the brink. It’s not just reckless — it’s cruel. These are the same priorities that helped drive a 19% spike in veteran homelessness while illegal migrants got luxury hotel rooms on the taxpayer’s dime.
As the shutdown ends, the facts are clear. The House passed a clean continuing resolution to keep the lights on, maintain VA funding, and avoid chaos. But Senate Democrats — led by Sen. Chuck Schumer and Rep. Hakeem Jeffries of New York — rejected it, choosing to plunge the country into an unnecessary shutdown to appease their left-wing base.
The Democrats’ alternative was loaded with giveaways: subsidies for illegal immigrants’ doctor visits, hospital stays, and “health care rights,” while hundreds of thousands of veterans remain stuck on VA wait lists — some dying before they’re seen.
Staggering hypocrisy
Schumer once said avoiding a shutdown “is very good news for the country, for our veterans … all of whom would have felt the sting.” More recently, he warned that “a shutdown would mean chaos and pain and needless heartache for the American people.”
Alexandria Ocasio-Cortez declared, “It is not normal to shut down the government when we don’t get what we want.” Jeffries said shutdowns are “about the harm.”
Those very same politicians ended up leading one — weaponizing activist wish lists and pet projects against the GOP and the nation.
RELATED: Disabled vets denied dignity as VA claim backlog becomes unbearable
Johnrob via iStock/Getty Images
This pattern of betrayal isn’t new. Under Joe Biden and Kamala Harris, the VA was caught reimbursing health care for illegal immigrants and their families, draining resources from veterans. I’ve seen it firsthand in San Diego — hotels packed with migrants while homeless veterans sleep on sidewalks, dodging needles and despair.
Over 10 million illegal crossings have occurred under the Biden administration’s watch. The result: big money for migrants, broken promises for veterans. The audacity to continue putting invaders ahead of patriots is shocking — and unforgivable.
The real human cost
Everyone knows a shutdown hurts troops, veterans, and families. Yet Democrats embraced it anyway, in service to radical ideology over national duty. Americans overwhelmingly oppose this madness.
Enough is enough. Stop putting illegal immigrants ahead of the heroes who built and defended this country. It’s time to restore sanity and start prioritizing America again.
At VetComm, we see the toll every day. The sleepless nights. The panic over missed paychecks. The spiraling PTSD and anxiety triggered by uncertainty. Veterans have already given everything; they shouldn’t have to fight their own government for stability and dignity.
Our mission is simple: Stand in the gap for those who stood for us. We help veterans understand their rights, claim the benefits they earned, and remember that their service still matters. A shutdown tests that mission — but it also steels our resolve.
Because while Washington bickers, we will keep fighting for every veteran, every day, not just Veterans Day.
These Senate Dems Were the Shutdown’s Loudest Critics. Now They’re Condemning the Deal To Reopen the Government.
Some of the Senate’s loudest Democratic critics of the government shutdown have quickly become the loudest critics of the deal to end it.
The post These Senate Dems Were the Shutdown’s Loudest Critics. Now They’re Condemning the Deal To Reopen the Government. appeared first on .
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