Posted on 07/07/2013 5:14:42 AM PDT by Oldeconomybuyer
The U.S. federal budget cuts are an inappropriate measure that will weigh on potential growth, IMF chief Christine Lagarde said on Sunday, urging Washington to present "credible" fiscal plans.
In its annual check of the health of the U.S. economy, the IMF forecast economic growth would be a sluggish 1.9 percent this year. The IMF reckons growth would be as much as 1.75 percentage points higher if not for the rush to cut the government's budget deficit.
While the budget cuts that took hold on March 1 do not appear to be hitting government payrolls directly so far, some economists said they were weighing on private employers and helped explained a sharp slowdown in hiring in the health care and social assistance sector.
(Excerpt) Read more at reuters.com ...
We need to see this globalist crap brought down like a wounded wildebeast.
Ahhhh, the intellectual voice of socialism....
1.75% per annum what an increase!
SEIU members?
Translation: It is imperative these countries commit to continuing the "break-the-bank" policies in order to properly fund other nations so the whole world reaches an acceptable level of poverty.
Should have been cut AT LEAST $787 Billion 4 years ago, giving TARP it’s promised and stated one-time lifespan. Instead, we’ve been tormented with NO budget, continual TARPs, and continuing resolution after continuing resolution.
Says the woman who has been wrong on every single measure put forth to deal with the economic fortunes of Europe.
In the light of the IMF whoring
and supporting terrorist organizations,
ALL support should be cut completely
in the absence of IMF accountability.
If this isn’t a clue that cutting spending is the right thing to do, I don’t know what is.
Nothing the IMF says can be believed. Nothing the IMF does or requires is good.
To quote Nancy Reagen, “Who does this dame think she is?” And just who the hell is the IMF to be telling us about budget cuts?
It's hard to walk when you've got institutions like the IMF slashing at your ankles.
“urging Washington to present “credible” fiscal plans. “
Yeah, right. That was last done during the Coolidge administration.....
The only inappropriate thing here is the printing up of money as a way to steal worth and value away from those who work hard. It is inappropriate to me that my purchasing power at the grocery store has decreased by 30% while they expand the money supply (i.e. devalue the dollar) in the form of giving out my stolen purchasing power in the form of EBT cards to others who do not earn it.
Christine Lagarde... urging Washington to present "credible" fiscal plans... the IMF forecast economic growth would be a sluggish 1.9 percent this year.... would be as much as 1.75 percentage points higher if not for the rush to cut the government's budget deficit... some economists said they were weighing on private employers and helped explained a sharp slowdown in hiring in the health care and social assistance sector.What imbeciles -- but of course, she's another unelected stooge.
So, what’s the “I” stand for in IMF? Imbecilic?
http://www.freerepublic.com/tag/christinelagarde/index
There was a budget cut? Last I checked there’s hasn’t been a budget to cut in about 5 years.
What a bunch of duplicitous, scheming evil bastards. An $85 billion dollar budget cut in anticipated increased spending is a travesty while Obama and the Wookie’s (along with the Wookettes) clears $100 million.
Screw the IMF, their momma and daddy, their sister, brother and cousins if they have any.
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