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IMF: U.S. Cutting Budget Deficits Too Quickly
Fox News ^
Posted on 05/20/2013 2:55:03 PM PDT by blam
Edited on 05/20/2013 5:55:11 PM PDT by Admin Moderator.
The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest criticism yet of Washington's rush to cut its budget deficit.
Despite high unemployment, Washington is on track to slash its budget shortfall this year by the most in nearly a half century.
TOPICS: Front Page News; News/Current Events
KEYWORDS: 113th; austerity; bho44; bhodod; debt; defensespending; economy; europeanunion; imf
posted on 05/20/2013 2:55:03 PM PDT
posted on 05/20/2013 2:56:26 PM PDT
(Sen Ted Cruz, Sen Mike Lee, and Sen Rand Paul are my adoptive Senators)
posted on 05/20/2013 2:59:12 PM PDT
by Jim Robinson
(Resistance to tyrants is obedience to God!!)
This must have come from the ONION!!
Karl Denninger provides more honest information - see this article: http://market-ticker.org/akcs-www?post=220813
We are still on track to have about $1.2 Trillion in DEFICITS for this year. That is NOT SHRINKING THE DEFICIT!!
posted on 05/20/2013 3:02:41 PM PDT
If the IMF doesn’t like it, we’re doing it right.
posted on 05/20/2013 3:03:17 PM PDT
(REMEMBER THE RIVER RAISIN!)
Sounds like my bankers. “You really don’t want to reduce your debt and the interest you’re paying, do you?”
posted on 05/20/2013 3:03:35 PM PDT
Why is Fox carrying this piece of dreck from Rooters?
posted on 05/20/2013 3:06:03 PM PDT
Seems to me cutting the deficit the same amount it was increased in 2009 should be fine...
it increased by $789 BILLION that year... so, if the deficit goes from $1.2 Trillion to $400 Billion, GR8!
Besides, that $789 Billion stimuli was supposed to be SINGULAR... yet, it somehow, because of CR’s and no budget, got baked into the government as a permanent ‘Rat slush fund.
Get RID of IT!
posted on 05/20/2013 3:07:59 PM PDT
(When people fear government there is tyranny; when government fears people there is liberty)
posted on 05/20/2013 3:11:26 PM PDT
by Personal Responsibility
(In times of universal deceit, telling the truth is a revolutionary act - Orwell)
do not even need to read this garbage..
if my household is spending more than it takes in..
is there such a thing as cutting spending too quickly???
we have idiots running the asylum
posted on 05/20/2013 3:11:48 PM PDT
by joe fonebone
(The clueless... they walk among us, and they vote...)
posted on 05/20/2013 3:21:40 PM PDT
by Army Air Corps
(Four Fried Chickens and a Coke)
The Felons who skim their Billions from the IMF, complain the U.S. isn’t pouring enough in their trough.....
Pretty deep economic analysis, I’d say.....
posted on 05/20/2013 3:23:43 PM PDT
by G Larry
(Darkness Hates the Light)
U.S. Cutting Budget Deficits Too Quickly
posted on 05/20/2013 3:26:27 PM PDT
(Math is hard. Harder if you're stupid.)
Crazy days, these. I went back up to the top, checking to see if it’s a satire piece.
Amazing that it is not.
posted on 05/20/2013 3:30:07 PM PDT
"There is no need for the U.S. to move so quickly," he said.
Funny they weren't saying this as it was going up so quickly.
posted on 05/20/2013 4:08:33 PM PDT
(Abolish Slavery, Repeal The 16th Amendment!)
When wealth is measured by debt, reducing debt can appear economically catastrophic. To the IMF and the circle of banker elites, deficit spending means more money from the fed and taxpayers to support their finance games.
posted on 05/20/2013 4:15:15 PM PDT
What deficit cuts? Do the mean that that we’re cutting the rate of increase of the deficit too much?
posted on 05/20/2013 4:16:36 PM PDT
by Little Ray
(How did I end up in this hand-basket, and why is it getting so hot?)
To: Jim Robinson
posted on 05/20/2013 4:19:56 PM PDT
(This is not a statement of fact. It is either opinion or satire; or both)
That’s right... so America... give us more money instead of lowering your deficit (which no one with a functioning brain stem actually believes is happening). Their motto:
“We put the “MF” in IMF”
posted on 05/20/2013 4:35:09 PM PDT
(FROM MY COLD, DEAD HANDS!)
"Interest rates remain low in the United States...a sign that lenders still trust the U.S. government to make good on its debts."
LOL! Now that's funny!
posted on 05/20/2013 4:38:24 PM PDT
(We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
Hey, negative shrinkage is still shrinkage. /s
posted on 05/20/2013 4:42:27 PM PDT
(Romney would have been worse, if you're a dumb ass.)
It’s a world-wide game of musical chairs. The IMF doesn’t want the U.S. to sit down, but sequestration is playing the tune.
posted on 05/20/2013 4:45:39 PM PDT
What the hell? Clue for the IMF, this president HAS NOT taken any action to reduce the debt. Get that out of your skull right now.
Congress hasn’t either.
Please tell us what mistakes we’ve made that are reducing the debt?
Honest to God, there’s a whole lot of mental illness out there.
posted on 05/20/2013 4:52:09 PM PDT
(Funny thing happened on the way to the Constitution burning, Lefties rights were violated...)
Sarcasm tag. Whatever I could say would not be sarcastic enough, so let me just sarc tag a blank space.
posted on 05/20/2013 5:41:44 PM PDT
(End the occupation. Annex today.)
FR is funded solely by the freedom loving folks
who love and use it.
WE are Free Republic!!!
ALL of us!!!
Less than $14k to go!!
Let's git 'er done!!
posted on 05/20/2013 5:44:06 PM PDT
(May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
Austerity? What austerity? Is this Krugman’s drama club meeting again?
posted on 05/20/2013 5:54:37 PM PDT
(First, Do No Harm)
You can’t have a good economy by efficiently making stuff. You have to shuffle little pieces of paper around and waste as much labor as possible and then everyone will be rich!
posted on 05/20/2013 7:07:44 PM PDT
(Socialism is slavery)
posted on 05/20/2013 7:19:18 PM PDT
(Attitude adjustments offered here free of charge)
Ah. The IMF founded by Harry Dexter White, confirmed Soviet spy? That IMF that has the interests of this country at heart?
Yeah. We should listen to everything they tell us.
posted on 05/21/2013 4:14:38 AM PDT
("We'll drink to good health for them that have it coming." Boss Spearman in Open Range)
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