Most curious - our spending
From
Yahoo/Agence France-Presse:
IMF presses US to cut debt
The International Monetary Fund on Thursday urged the United States to rein in its ballooning budget deficit without putting the "modest" economic recovery at risk.
Amid jitters that high levels of unemployment may force a double dip recession, the IMF warned the slow US recovery would continue and that debt problems loomed.
"The central challenge is to develop a credible fiscal strategy to ensure that public debt is put -- and is seen to be put -- on a sustainable path without putting the recovery in jeopardy," an IMF report said.
The balance between spending to stimulate the economy and putting budgets in order has vexed countries around the world as the recovery has looked more and more precarious.
President Barack Obama has plowed nearly a trillion dollars into the economy to spur economic growth, exploding the US deficit to a level that many believe is unsustainable.
Geez -- for the International Monetary Fund to be hectoring us on spending is unreal.
First the Nations of the G20 and now the IMF -- will someone in Washington not listen to what these people are saying? They have already stared into the abyss and backed away -- the USA is
neck deep in the big muddy and the damn fool keeps yelling to push on.
Big Muddy was written by Pete Seeger and has been sung by a lot of 'progressive' voices but it also works really well for conservatives. Put that in your
Alinsky pipe and smoke it. Pbbbttttt.....
Posted by DaveH at July 9, 2010 10:28 PM