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IMF chief says U.S. needs blend of spending cuts, revenue raising
Reuters ^ | Sun Dec 9, 2012 9:48am EST | (Reporting By Sarah N. Lynch; Editing by Todd Eastham and Bill Trott)

Posted on 12/09/2012 3:24:42 PM PST by Olog-hai

The United States needs a balanced, comprehensive approach to tackle its fiscal woes that should include a mix of spending cuts and revenue increases, the head of the International Monetary Fund said on Sunday.

“My view, personally, is that the best way to go forward is to have a balanced approach that takes into account both increasing the revenue, which means, you know, either raising taxes or creating new sources of revenue, and cutting spending,” IMF Managing Director Christine Lagarde said in a pre-taped interview on CNN’s “State of the Union,” which aired on Sunday. …

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; US: District of Columbia
KEYWORDS: fiscalabyss; fiscalcliff; imf; ussovereignty

1 posted on 12/09/2012 3:24:53 PM PST by Olog-hai
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To: Olog-hai

We really need to jump on that. It comes straight from the mouth of someone who knows someone who has a relative who knows someone who has a relative who knows someone who knows something about economics. IMF ... what could possibly go wrong?


2 posted on 12/09/2012 3:30:56 PM PST by RetiredTexasVet (The law of unintended consequences is an unforgiving and vindictive b!tch!)
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To: Olog-hai

I wish when I was in debt I could just “raise revenue”. My only choice is to cut spending.


3 posted on 12/09/2012 3:31:17 PM PST by ilovesarah2012
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To: Olog-hai

Raise your revenue by lowering taxes on everyone!!! Lower rates, Broaden the base cut capital gains to zip revenue will go up and real unemployment will go down!!


4 posted on 12/09/2012 3:42:20 PM PST by tallyhoe
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To: Olog-hai

GRRRRRREAT...an UNaccountable international bureaucrat telling us what to do. It’s really very easy...

DEFUND socialist collectives, foreign and domestic.

live - free - republic


5 posted on 12/09/2012 3:44:14 PM PST by PGalt
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To: tallyhoe

Raising revenue by lowering tax rates is not logical to a democrat party member:< > The common objection is “It’s above my pay grade” .... and it wouldn’t sound too good to the chattering classes ...


6 posted on 12/09/2012 3:48:38 PM PST by Ken522
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To: Olog-hai

Stop sending money to the IMF. The best possible spending cut.


7 posted on 12/09/2012 3:50:34 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Olog-hai

Nah, democraps all say we just need to tax the rich more and it will all be fine.


8 posted on 12/09/2012 6:20:39 PM PST by vpintheak (Occupy your Brain!)
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To: Ken522

Raising revenue by lowering tax rates is not logical to a democrat party member:

Are there any logical democrats left? They either all died or moved over to the Republican Party.. All they have left is Marxist and Commies!!!


9 posted on 12/09/2012 10:25:23 PM PST by tallyhoe
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