Posted on 04/16/2024 12:12:04 PM PDT by ChicagoConservative27
The International Monetary Fund (IMF) warned Tuesday that America’s recent economic performance is partially the result of the country’s unsustainable fiscal practices, creating risks for the global economy.
“The exceptional recent performance of the United States is certainly impressive and a major driver of global growth, but it reflects strong demand factors as well, including a fiscal stance that is out of line with long-term fiscal sustainability,” the IMF wrote in its latest World Economic Outlook.
“This raises short-term risks to the disinflation process, as well as longer-term fiscal and financial stability risks for the global economy since it risks pushing up global funding costs,” it continued. “Something will have to give.”
The IMF projected that the U.S. economy will grow 2.7 percent in 2024, an upward revision of 0.6 percentage points from January and well above the projections for its fellow advanced economies.
(Excerpt) Read more at thehill.com ...
Welcome to the Party, late as usual.
IMF just noticed?
This is what happens when you have morons running the government.........
The only thing that’ll give is DC giving away another $90B this week on forever wars.
“..nobody in congress seems to care.“
This.. one of their main jobs.. and they really don’t care; after all, it’s not THEIR money..
They make office, set about getting rich themselves and who cares what happens to the country’s economy afterward.. THEY are set for life!
This is the total of our government now.
It’s too late to do much of anything now. Notice that they aren’t even trying to control spending. The US is headed towards an economic crash similar to what the Soviet Union went through in the 90’s.
With what passes as "leadership" in the POS-infested Congress, I'm guessing it will once again be the people being required to "give" more...
To hell with the Hill and the IMF.
The debt is not at all a problem because the whole world must hold dollars as a reserve currency.
Refusing to do so invites the possibility of getting a little “democracy” courtesy of Uncle Sam’s bombs.
They wouldn’t want that, now would they?
There are plenty of morons, to be sure. There are a lot of people that are doing this as a plan, and that’s the real problem. They aren’t stupid, it’s a plan to break the USA.
And who are those morons in charge of this dumpster fire?
95% are lawyers turned career government politicians. And the people keep electing these types over and over, decade after decade.
It’s going to come crashing down.
(‘Something will have to give’: IMF sounds alarm on US debt)
Will World War III work?
/asking for a Joe Biden and the Great Reset Globalists
True that.
There is no guarantee we remain the world’s reserve currency.
I thought I’ve been seeing stories last year or two,There is significant talk of petro dollars moving away from the US dollar. That would be the beginning of the end.
By George, I think you’ve got it! As long as we can deport inflation through reserve currency, we’ll be the best house on the worst block.
Oh well.
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