IMF head warns of risk from US budget deficit

[Career Prole]

MADRID (AFP) - The head of the International Monetary Fund (news - web sites) urged the United States to limit its gaping budget deficit, which he said threatens the world economy.
http://story.news.yahoo.com/news?tmpl=story&u=/afp/20040917/bs_afp/spain_imf_us_economy

White House reply will no doubt be "Fuzzy math and junk economics...poppycock!"

[cthrumatrix]

1. we are paying attention ..on Nov 2nd

[Protected]

2. The rest of the world is full of pessimists and nay sayers!

We need more tax cuts!

[lapfog_1]

4. Deficits don't matter!

Reagan proved it. Cheney said so.

(heavy sarcasm)

[ET Awful]

3. The IMF is a bunch of Economic Girlie-Men! n/t

[bemildred]

5. Time for "belt-tightening", better raise those taxes. nt

[hatrack]

7. I smell something burning . . . I wonder what it could be . . .

Why, it's a portfolio of Structural Adjustment Programs - piping hot and delicious economic medicine for America which we'll be ready for by, oh, 2006 or so.

[denverbill]

6. No, I'm quite sure they'll find the need for 'fiscal restraint',

AFTER the election.

Then it will come down to 'hard choices' of which programs to cut: Medicaid, Medicare, Social Security, AFDC, school funding, etc.

[Career Prole]

8. Jeez, you're right...I can see the headlines now...

"Retirees, schoolkids threaten world economy...GOP pledges crackdown!"

[indepat]

9. Hopefully this Administration's actions and policies threaten only the

world economy, not the world.

[Mountainman]

10. "Reagan proved that deficits don't matter" Dick Cheney

[Catfight]

11. Don't think about the children! n/t

[Career Prole]

12. Of course, if the world economy collapses Steve Forbes will be poor

like the most of us. He'll come around trying to trade investment advice for a sandwich. Don't accept it. Make him throw in a cord of firewood too.
The work will do him good.

[Kenneth ken]

13. as a child this guy

must have really sucked at Connect the Dots:

"A member of the right-wing and pro-US former Spanish government, Rato insisted that it is not the war in Iraq that is threatening to destabilize the Middle East.

"The problem is terrorist fundamentalism ... From an economic point of view the problem is the existence of an organized terrorist force, one of whose principal objectives is the destabilization of regimes" in the region, he argued, maintaining that it is terrorism that is affecting the markets. "

Does he not think that the invasion and occipation of Iraq (and Afghanistan) is producing more teeorists by the day? It's the expansion of the US Empire that is both causing budget deficits in the US, and increasing terrorism, as we prop up puppet regimes which allow us to exploit the resources of nations, an act which is detrimental to the native populations of those nations.