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Has Obama Just Insured A 2nd Term?
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<blockquote data-quote="Babagounj" data-source="post: 825886" data-attributes="member: 12952"><p><strong><a href="http://weaselzippers.us/2011/04/12/imf-says-obama-regime-lacks-credible-strategy-to-stop-mounting-public-debt-risks-triggering-new-global-economic-crisis/" target="_blank">IMF Says Obama Regime Lacks “Credible Strategy” to Stop Mounting Public Debt, Risks Triggering New Global Economic Crisis…</a></strong></p><p></p><p></p><p>In an unusually stern rebuke to its largest shareholder, the IMF said the US was the only advanced economy to be increasing its underlying budget deficit in 2011 at a time when its economy was growing fast enough to reduce borrowing.</p><p>To meet the 2010 pledge by the Group of 20 countries for all advanced economies – except Japan – to halve their deficits by 2013, the US would need to implement tougher austerity measures than in any two-year period since records began in 1960, the IMF said. In its twice-yearly Fiscal Monitor, the IMF added that on its current plans the US would join Japan as the only country with rising public debt in 2016, creating a risk for the global economy.</p><p><span style="color: red">And it's all Bush's fault.</span></p></blockquote><p></p>
[QUOTE="Babagounj, post: 825886, member: 12952"] [B][URL="http://weaselzippers.us/2011/04/12/imf-says-obama-regime-lacks-credible-strategy-to-stop-mounting-public-debt-risks-triggering-new-global-economic-crisis/"]IMF Says Obama Regime Lacks “Credible Strategy” to Stop Mounting Public Debt, Risks Triggering New Global Economic Crisis…[/URL][/B] In an unusually stern rebuke to its largest shareholder, the IMF said the US was the only advanced economy to be increasing its underlying budget deficit in 2011 at a time when its economy was growing fast enough to reduce borrowing. To meet the 2010 pledge by the Group of 20 countries for all advanced economies – except Japan – to halve their deficits by 2013, the US would need to implement tougher austerity measures than in any two-year period since records began in 1960, the IMF said. In its twice-yearly Fiscal Monitor, the IMF added that on its current plans the US would join Japan as the only country with rising public debt in 2016, creating a risk for the global economy. [COLOR=red]And it's all Bush's fault.[/COLOR] [/QUOTE]
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