[playball0]

IMF is a global organization that has been taken over by the euro-socialist weenies. Doing good has replaced rational thought. Their research is suspect.

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[waterstraat]

We need to balance the federal budget, AND!! our balance of trade, now. There will be very serious and very bad consequences if we dont. This is not a play game.

[lucckyu]

I don't give a cra* about the world economy.

[the Real fifi]

Great idea! I propose for a start we cut off funding to the IMF for a start---any operation which keeps feeding the Argentinian kleptocrats deserves to go out of businss. Trust me the World Bank and IMF employes the dumbest, most overcompensated people you can imagine.

[cpst12]

>>Their research is suspect.

Oh good, I thought for a moment we were spending way to much money that we don't have. Glad to hear there are no defecits to worry about.

[CasearianDaoist]

They just want us to tax at EU rates so they can be "competitive" with us. Globalism will not work for socialist countries unless all tax rates are "harmonized" and all labor rates are leveled. We will hear more of this. The Kyoto Treaty did not work so now they will try something else. Getting the Fed to rasie rates won not hurt much either from their perspective

Note that they will not consider two notions in the model: 1) cutting social programs, spending and regulations, and 2)and actual real increase in GDP over the same period.

Lastly, for the IMF to be giving anyone advice is ludicrous. All of these globalist institutions - the UN, IMF,WTO etc.- are engaged in a hidden war with the US and have been shamelessly politicized by the Socialists. If we do not pull out of them it is just a matter of time before they win.

You wait, Dean and Co. will start touting this "finding" in their campaigns. I will give them an issue too - just watch. Was there ever a time when world leaders were more corrupt and so out in the open about it? What contempt they have for our intelligence.

[RightlySo]

"The researchers also said Congress should consider a tax on energy consumption, arguing that it would "help meet the administration's environmental objectives while also providing substantial support for fiscal consolidation." Such tax increases, they calculated, would have a minimal effect on U.S. economic growth."

UTTER GARBAGE. This is clear testimony to the bias. Tax and tax some more. We have a SPENDING PROBLEM, not an income problem. If these fools had their way, they'd tax at 100% and give all the revenue to the UN. Of course, no one would want to work, but then again, if they had their way, they'd have the Euroweenies immigrate to be our slavemasters.

Who is finally going to take a stand and cause some pain to FIX the spending problem? Congress has been kiting our paychecks for about a century now. Good Lord, I'm getting fed up to the gills with this garbage.

[Jackson Brown]

Their concerned because the advantage falls to the US over the European economies...at least for now.

Unemployment is 10% or so in the EU's major economies and getting worse.

The EU also faces HUGE internal deficits with their cradle to grave socialism, an aging population, a rapidly growing 3rd world Islamist underclass, and tepid (recession prone) growth.

As it is, the EU middle class (middle 20%) lives at a standard of living about equal to that of the bottom economic quintile (lowest 20%) in the US.

There has been an economic war between the US and the EU...declaration of that war was the purpose of the establishment EU in the first place.

The problem (for them) is the US has taken up the gauntlet and the Euro-scum are losing the economic war they started.

[Mudcat]

It's pretty bad when the Int'l *MAFIA* Fund goons have to tell us that we have fiscal problems... and we do!... but between the choice of cutting spending and increasing taxes, I say break out the ax!

[The Raven]

It it just me or does anybody else smell a rat (the US libs pulling the strings on the EU for US political gains)?

They must all get on the phone and chat about how to get rid of Bush.

[ruppertdog]

They aren't telling us anything we don't already know-
our social spending programs are unsustainable, especially until the baby boomers all die.

The problem is not the tax releif, it is the absurd spending that is going on. Deficit is the only constraint to this, i.e. the government will always spend whatever it can. Deficits are the only way to slow or stop this spending. I have read somewhere that the growth in spending has actually slowed somewhat recently.

The IMF feels our politicians may not be able to control themselves and will eventually wreck the dollar spending away in a few years. I see this as a potential risk to our country and therefore the rest of the world in coming years. It will be difficult to accomplish, but if anyone can do it it will be our congress.

[dr_who_2]

First US gov cost-cutting measure: de-fund the IMF.

[theFIRMbss]

>IMF Researchers: US Budget Gaps Endanger Global Economy (Euro trash has a cow)

Why does anyone care what Tom Cruise says about the economy?!