IMF worried about global spillovers from loose U.S. fiscal policy - International financial agency urges Washington to reduce its budget deficit

MarketWatch ^ | 04/17/24 | Greg Robb

[Eccl 10:2]

The International Monetary Fund on Wednesday turned its spotlight on the growing U.S. fiscal deficit, warning that it is now a risk to both the domestic economy and global economy.

Loose U.S. fiscal policy could be a factor in making it “harder to achieve” the “last mile” of progress on bringing domestic inflation back to the Fed’s 2% target, the IMF said, in its latest report on global fiscal policy.

[Eccl 10:2]

So even the IMF wants Bitenomics to be reeled in

[ProtectOurFreedom]

Those warnings have been ignored for 60 years. I’m sure Congress will need them now.

[z3n]

International financial agency urges Washington to reduce its budget deficit

~~~

Hay IMF, you’re at least 5 years too late. In my opinion, 16 years. We started punching holes in the titanic in 2008 with all those trillion dollar “bailout”, “too big to fail” and “shovel ready” stimulus bills. We may have had a chance to stave off the sinking of the ship if we had not over-reacted to the covid19 panic. Now it’s just a matter of time.

[eyeamok]

the Fed’s 2% target

Which is still STEALING 2% of the VALUE of your money, The FED Mandate under law is to maintain Price Stability, STEALING 2% isn't that. Banish the DEN OF VIPERS from society

[brownsfan]

This is similar to gently suggesting to a crack addict that he should cut down on his habit.

[Mr. Jeeves]

International financial agency urges Washington to reduce its budget deficit

Direct appeals to politicians to stop buying votes don't have a long track record of success...

[Openurmind]

“So even the IMF wants Bitenomics to be reeled in.”

This is actually surprising. They like the practice of controlling world governments through debt, so they love offering up credit and letting them destroy their own economy.

[packagingguy]

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over LOOSE FISCAL POLICY”

—Alexander Fraser Tytler