Christine Lagarde is a socialist, typically French-style. 'Oh, they believed that everything was going swimmingly because Japan was looking up...' and then those dastardly Republicans popped up demanding an eradication of Obamacare and a balanced budget; you know, reduced spending! And it ruined our meeting.
There are five people who are central to this corrupt organization in Chicago: Christine Legarde, Maurice Strong (Canada), Leo W. Gerard (Canada), Rioja Family of Chicago (narcotics trafficking), and George Soros. These folks are enemies of the state, and do not have our best interests at heart.
We have enough Federal tax revenues to pay the interest on the debt. We can prevent default.
The devil is in the details!
Wow. Not just very concerning, but very VERY concerning.
They must really be concerned.
When, where, how, and who dies is not yet clear.
A better way to put it: WERE the U.S. to bring its short- and long-term budget deficit under control, this would be a big boost to the world economy.
As it is, we’ve been accumulating debt at a non-sustainable rate and have the prospect of an explosion of debt (because of our entitlement programs).
Would a short-term fix, such as authorizing additional borrowing AND not addressing the short- and long-term budget deficit problem, be an acceptable, “second best” solution?
I think that depends on the outcomes of the elections we will have over the next four years. Without a Republican President in 2016 and without a strong majority in the U.S. Senate, the country has no chance of surviving in any form that we would recognize as the United States. We’d become like Argentina or even Venezuela, and on the path toward Greece and Detroit.
So, a short-term fix is risky. But, that may be the best we can do.
BTW we’re not the only ones with in really bad shape. France is in worse shape than we are, and the UK and Ireland are in about the same shape that we are. Italy is looking o.k., Portugal is touch and go. And, Spain is increasingly looking hopeless.
Raising the debt limit solves nothing.
As someone earlier posted, borrowing money to pay down your debt is not paying down your debt.
What we are seeing is wealth transfer on a major scale. From the working class Americans to the world’s fat cats.
The United States is bleeding money. As a person with a major cut will bleed out and die if the bleeding is not stopped our economy will “die” if the flow of “blood” is not stopped.
Very concerning! Deploy the “strongly worded emails” that intentionally misuse prepositional phrases! That’ll teach those filthy Americans....
As a banker she should be asking...... how bad has Secretary Lew overdrawn his debt line? How much does the real debt exceed the legal ceiling?
The IMF has been sucking at the US teat for most of its “revenue”. The teat is drying up and they are panicking.
Christine Lagarde has ZERO credibility!
FU... you euro thieves pay back the 9.8 TRILLION in loans and grants that burnandyankme gave to you and STFO of our business.
Christine Lagarde, chief of the International Monetary Fund—In other words, the guy at the front of the line with his hand out.
The real problem’s going to be when we can’t borrow or print - and we can’t pay our bills. That’s going to happen ... if we keep electing democrats and RINOs...