Black People Politics : IMF's Lagarde says U.S. budget cuts 'inappropriate'

Discussion in 'Black People Politics' started by Clyde C Coger Jr, Jul 7, 2013.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    IMF's Lagarde says U.S. budget cuts 'inappropriate'



    [​IMG]
    International Monetary Fund Managing Director Christine Lagarde speaks during a news conference at IMF headquarters in Washington June 14, 2013. REUTERS/Jose Luis Magana


    AIX-EN-PROVENCE, France (Reuters) - The U.S. federal budget cuts are an inappropriate measure that will weigh on potential growth, IMF chief Christine Lagarde said on Sunday, urging Washington to present "credible" fiscal plans.
    Washington enacted across-the-board federal government spending cuts, known as sequestration, in March because Congress could not agree on an alternative.
    It has meant everything from furloughs for air traffic controllers to fewer planes for the U.S. Navy to smaller subsidies for farmers.
    "The budgetary procedure that is in place in the United States, which leads to a budgetary adjustment, seems to us absolutely inappropriate ... because it blindly affects certain expenditures that are essential to support medium and long term growth," Lagarde told an economists' conference in Aix-en-Provence, southern France.
    http://finance.yahoo.com/news/imfs-lagarde-says-u-sequester-074156967.html






    At this point its clear, Congress is suffering from a myopic world vision, we are living in a global economy with global markets; politics of ole can no longer survive.


    Peace In,
     
  2. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    :11100: i could have told them that…….
     
  3. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Yup, the sequester is crippling the return of a collapsed economy. Before, they lowered our credit rating, worldwide, smh.
     
  4. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    it is all a plan to make things bad under obama.
    they will happily sacrifice the country as long as they can make bad conditions.
    'scorched earth' gambit.
     
  5. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Absolutely, and its undeniable truth.


     
  6. Alarm Clock

    Alarm Clock Well-Known Member MEMBER

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    All due respect, Brother Clyde, why the IMF? After what they have done to Africa according former IMF employee, economic hitman Jim Perkins? Inst she being hypocritical after the entire austerity or sequester program the IMF has placed on EU nations to their detriment and the peoples outrage?
     
  7. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    What do you mean, why the IMF, Alarm Clock? And what's with the "all due respect" stuff, and then precede with some rhetorical question, smh. The "why the IMF" question doesn't make sense to me if you take a moment to think, you should know why, don't you?

    Please Alarm Clock, don't answer that, okay brother, most know the function of the IMF.
     
  8. Alarm Clock

    Alarm Clock Well-Known Member MEMBER

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