trump as president was given the power to spend $40 billion on monetary emergencies.
You certainly appear to be ill-informed, Salty Walty.
The term "monetary emergency" isn't a formally defined category in U.S. federal law like "national emergency" (under the National Emergencies Act of 1976) or "major disaster" (under the Stafford Act). However, it generally refers to acute financial or economic crises, such as:
- Banking panics or liquidity shortages (e.g., addressed by the Federal Reserve under Section 13(3) of the Federal Reserve Act).
- Sovereign debt defaults or currency instability.
- Hyperinflation or deflationary spirals.
These are typically handled by the Federal Reserve, Treasury Department, or international bodies like the IMF, not social welfare programs like SNAP.
SNAP funding issues fall under fiscal policy (government budgeting) rather than monetary policy (money supply and interest rates).
The expiration of SNAP benefits is not designated as a "monetary emergency" under U.S. law or by any federal authority.
Emergency powers refer to the authority granted to executive officials to act beyond normal legal constraints in response to urgent threats that cannot be addressed through ordinary legislative or administrative procedures. In the United States, the most significant emergency powers available to the President are those authorized by the National Emergencies Act (NEA).
The NEA allows the President to unilaterally declare a national emergency, triggering access to over 120 statutory powers. These may include deploying military forces, freezing assets, restricting telecommunications, or regulating commerce. A declaration must include a justification, and the President is required to report to Congress periodically on actions taken and associated costs.
Presidents have wide latitude under the NEA to declare emergencies (over 40 are active as of 2025, mostly for sanctions or foreign threats).
trump decided to order US Treasury Secretary Scott Bessent to spend it all on Argentina.
Think so, Salty Walty?
The $20 billion U.S. portion of the $40 billion financial package to Argentina consists of a temporary currency swap from the Treasury Exchange Stabilization Fund (ESF), which is authorized solely for stabilizing the U.S. dollar and international exchange rates,not for domestic spending like SNAP benefits.
The other $20 billion comes from private sources, which the President cannot redirect.
Under the Impoundment Control Act, the President could attempt to withhold or rescind appropriated foreign aid funds, but even then, redirection to mandatory programs like SNAP requires congressional approval and is legally constrained by appropriation laws that prohibit such transfers.
Courts have blocked similar attempts to misuse emergency funds for SNAP during shutdowns, confirming the President lacks unilateral authority here.
Trump met with Argentine President Javier Milei at the White House on October 14, 2025, where he publicly endorsed the aid.
There is also the promise that we will send as much as needed more, though it is going to get tough to find the more money.
No, Salty Walty, there is no evidence that President Trump made this exact statement, or any close paraphrase, regarding the currency swap. Extensive searches across web sources, recent social media posts, and specific video clips of Trump's comments yield no matches for this phrasing.
trump was given the power to unilaterally decide.
Is that right, Salty Walty?
We all may be regretting that now, but it is what happened.
Who's "we", Salty Walty?