IMF chief calls on US to raise borrowing limit

CNBC ^ | July 10, 2011 | AP

[Islander7]

WASHINGTON - The International Monetary Fund's new chief foresees "real nasty consequences" for the U.S. and global economies if the U.S. fails to raise its borrowing limit.

Christine Lagarde, the first woman to head the global lending institution, said in an interview broadcast Sunday that it would cause interest rates to rise and stock markets to fall. That would threaten an important IMF goal, which is preserving stability in the world economy, she said.

[Islander7]

Republicans are insisting on deep spending cuts as a condition of voting in favor of raising the debt ceiling. Obama and congressional Democrats are insisting that more tax revenue should be part of the mix.

[American Constitutionalist]

" Obama and congressional Democrats are insisting that more tax revenue should be part of the mix. "

Obama , the Democrats, MSM have been in la la land in thinking that there was a economic recovery, however ? more tax increases will put a end to any and all economic recovery and expansion. Top that off with high fuel prices and when gasoline goes back up over $ 4 a gallon.
The major world economies are going to crash this fall.

[freekitty]

Just what might those consequences be, Ms. LaGarde; and/or is this a threat? Why don’t you and your former boss, James Baker, secretly work something out to screw America?

You should be good at the secrecy and screwing of America.

[SatinDoll]

Lagarde has no business advising the United States on its sovereign matters. She’s from Chicago - go figure!

[blueyon]

Tell the IMF chief to go stuff it

[SpaceBar]

The Strauss-Kahn scandal/setup, now this Ms. Lagarde from the powerful Chicago law firm Baker & McKenzie with a formidable list of high end cases dealing especially with “latin American” issues makes my conspiracy meter go haywire. Coincidently we have a certain latin American issue going on right now called Fast and Furious.

[freejohn]

One question has never been asked in this ‘borrowing’ debate (that I know of).. simply .. What if the ‘Lender’ doesn’t Want to Lend to these idiots!?

[screaminsunshine]

He wants us to borrow some more from China and give it to him to loan to Greece. If we do not borrow he is out of OPM.

[olezip]

Christine Lagarde, the first woman to head the global lending institution, said in an interview broadcast Sunday that it would cause interest rates to rise and stock markets to fall. That would threaten an important IMF goal, which is preserving stability in the world economy, she said.

It is time for the IMF to be disbanded because it served its purpose many years ago.

[Norm Lenhart]

About that...

Anyone got a logical reason why a nation about to ..ahem...default isn’t stopping every outlay of “foreign aid” dead in it’s tracks and calling in all ‘Loans” made to the IMF and other countries directly?

Hey! THERE’s a story for the MSM to report!

If only...

[Norm Lenhart]

Speaking of that, does anyone have the numbers on our annual cash outlay in “foreign aid”?

Wanna bet that it’s more than enough on it’s own to massively slash the national debt in a couple years time if we retasked it to that purpose?

[Cololeo]

I believe I have two words for the elitists at the IMF, and they are definitely NOT “Good Morning”.

[varmintman]

Hate to tell you this but that's right, GIVEN OUR PRESENT SYTSTEM OF MONEY, locking a debt ceiling is locking our economy into last year, i.e. it does not fix the basic problem and creates big problems of its own. We need to get rid of the system of using federal debt as a basis for money, and we DON'T need to return to a gold standard or any other sort of medievalism.

http://www.webofdebt.com

[panaxanax]

For this year only, or for the past 100+ years?

I’d bet that we’ve spent Trillions on 3rd world shithole countries in the past 50 years. All under the guise of keeping them from turning Communist. What a joke.

[mylife]

Great. Now we have the Chicago machine moving out to the world level?

[C210N]

locking a debt ceiling is locking our economy into last year...

But, increasing TODAY's debt ceiling is locking our economy into zer0's/'rat's artifically $1.6 Trillion increase induced spending from various recent stimuli, tarp, and assorted expensive crap.

[SunkenCiv]

Christine Lagarde foresees “real nasty consequences” for the U.S. and global economies

Thanks Islander7.

[Ulysse]

Chrissy Lagarde is a kind of Strauss-Kahn, the former and “famous” french socialist IMF chief !

She is probably in the tank with Obama like our croock lying president N.Sarkozy(the supposed “right-wing” who supported Strauss-Kahn as IMF chief and now Lagarde...Sarkozy is rather a kind of rotten RINO)

[camle]

it’s like maxign out your credit cards, and claiming to have a better financial condition when the bank ups your limit, so you can borrow more.

[hal ogen]

Hey, lagarde...go back to Chicago. Stop telling anyone what to do. The only consequence should be your being prosecuted and jailed.