Skip to comments.IMF’s Christine Lagarde: Fiscal deal should be comprehensive
Posted on 12/09/2012 6:30:20 PM PST by BenLurkin
International Monetary Fund Managing Director Christine Lagarde said a political agreement on the U.S. budget should be comprehensive because a minimal deal would fail to provide certainty for investors.
Markets would sink without measures to avoid more than $600 billion in spending cuts and tax increases due to come into force next year, Lagarde said, according to a transcript of a taped interview for todays CNNs State of the Union program. Still, an agreement that would only extend tax cuts for the middle class without addressing spending or entitlements would be insufficient to reassure the rest of the world, she said.
The real threat that we have at the moment is really here with us, Lagarde said. We can be our own best friend or our own best enemy.
(Excerpt) Read more at washingtonpost.com ...
remember the guy that was the head of it was set up here n NY so the Chicago thuggery could take over as head of IMF
Obama will own the drive over the cliff. Taxes go up anyway Jan 1.
The Imam of America spends whatever he wants.
What’s he going to do, cancel Hawaii vacation and fix the economy?
Actually she is either incompetent or lying. There are provisions if no deal is reach, so there can be no uncertainty premium in the market. The uncertainty exist in any subsequent deal.
Hey Christine -
STFU and GTFO of our business.
So she tears her mouth away from the American money nipple long enough to explain to us how to do our budget?
Hows about you show us how it’s done. All IMF does is spend money that WE give them. We are by far the biggest funder of that organization of walfare bankers.
Gee, whose side is she on???
She graduated from law school at Paris West University Nanterre La Défense, and obtained a Master’s degree in English and labor law from the Institut d’études politiques d’Aix-en-Provence,,,,
She was appointed to head departments she has no education for, but she has a union background.
So now shes an expert on Budgets and finance.
That word again.
How about we spend less than we raise... every year! NOW, that would really be “comprehensive”!
Good catch. That word “comprehensive” always shows up every time the are about to screw us. It’s politician speak for avoiding the real problem and doing a load of things we don’t care want.
ie,,US; “Hey, close the border”.
Them; “we can only do that as part of a comprehensive plan”
They love “comprehensive”.
The IMF is a funnel for stealing your money and dumping it in a cesspool. You can’t make up how this POC will be forgotten after the revolution that is coming. What a joke that women will be.In fact she will not be remembered at all.
Sounds like the Free Trader Globalists also want the DNC/GOP tax hike, too.
One way to cut spending is to stop giving money to the IMF
The big political parties in Europe pursue “austerity” measures from the Conservative-Liberal Democrat across the board budget cuts in the UK to the more draconian cuts in Spain from their in power conservative party and the super austerity of the conservative-socialist parties of Greece.
This “fiscal cliff” seems like an excuse for some American version of the European band aid austerity.
Its all meaningless, of course.
None of the austerity measures come close to balancing the budgets of their respective countries in the near future.
We just seem locked onto a course that’s leading to a total collapse of the economic system at some point that may be sooner or may be later.
Real conservative action like shutting down whole federal departments and overhauling entitlements is what we need but what we wont get from the Obamas and Boehners.
Paul Ryan’s budget planning involved a balanced budget more than ten years out. What a joke......
They love comprehensive.
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