Skip to comments.IMF: U.S. Cutting Budget Deficits Too Quickly
Posted on 05/20/2013 2:55:03 PM PDT by blamEdited on 05/20/2013 5:55:11 PM PDT by Admin Moderator. [history]
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.
plain pure ole bs.
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!!
If the IMF doesn’t like it, we’re doing it right.
Sounds like my bankers. “You really don’t want to reduce your debt and the interest you’re paying, do you?”
Why is Fox carrying this piece of dreck from Rooters?
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!
Lol - exactly right!
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
Piss off, IMF.
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.....
Crazy days, these. I went back up to the top, checking to see if it’s a satire piece.
Amazing that it is not.
Funny they weren't saying this as it was going up so quickly.
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.
What deficit cuts? Do the mean that that we’re cutting the rate of increase of the deficit too much?
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”
Hey, negative shrinkage is still shrinkage. /s
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.
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.
Sarcasm tag. Whatever I could say would not be sarcastic enough, so let me just sarc tag a blank space.
Austerity? What austerity? Is this Krugman’s drama club meeting again?
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!
we have a budget?
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.
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