With friends like the International Monetary Fund the US doesn't need many enemies. The IFM is the latest entity to lecture the US on the need to get its budget act together.
It is "critical" that the United States get its debt levels under control for the good of its own economy and others, the International Monetary Fund said Monday, reports the Hill. The IMF said later in the report that not raising the $14.3 trillion debt limit would "have disastrous consequences for the U.S. and global economy."
Of course even though the US provides $27 billion to the IMF annually it doesn't show up on the budget. The IMF is the same international agency that brought us Dominic Strauss-Kahn once thought to be a rapist now apparently just Euro trash. We should all be grateful that the IMF takes the time to offer this free advice. It really doesn't have to because its sitting on 90.5 million troy ounces of gold.
Thanks IMF. We'll try to do better.
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