Former Argentinian President Cristina Fernández de Kirchner (2007–2019), said this Saturday to President Javier Milei that he will be taken out of the Pink House (Government House) in a straitjacket, following the president’s announcement of measures to safeguard fiscal balance and limit monetary issuance.

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“I just listened to your national broadcast last night, and excuse me, but rather than feet-first, you’re going to be taken out of the Pink House in a straitjacket,” Kirchner wrote in a message posted on her X account from her home in Buenos Aires, where she is serving a six-year prison sentence.

The former president also criticized Milei’s statements regarding the recovery of purchasing power and consumption. “You’ve got to be either crazy or a big liar to tell Argentinians, on national TV, that wages have beaten inflation and that people are eating more than before. Come on, seriously?” she questioned.

Fernández also criticized the government’s monetary policy: “Stop lying with that old tune that there’s no monetary issuance under your government. You’ve been printing money left and right to pay the interests on financial speculation, operations with future dollars, and bank interest rates to keep pesos from fleeing to the dollar.”

“And who benefits from that issuance? The same ones as always, Milei. The ones who have their best representative in your Economy Minister (Luis Caputo),” she added.

Milei announced two measures in his Friday speech: on the one hand, he will sign a regulation to “prohibit the Treasury from financing primary spending with monetary issuance,” and on the other, he will send a bill to Parliament to “penalize the approval of budgets that include fiscal deficits.” Milei’s proposal, presented as an attempt to “shield” fiscal balance, sparked strong reactions from the opposition, especially the Peronists.

On July 10, Parliament had approved a law establishing an “exceptional and emergency” 7.2% increase in pensions. Milei said on Friday that such measures aim to “destroy the fiscal surplus” his government is promoting, and if carried out, would imply “a debt of more than $300 billion or an increase in national debt by 70%.”

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