wrote in message
...
On Thu, 8 Jul 2010 14:51:18 -0700, "nom=de=plume"
wrote:


wrote in message
. ..
On Thu, 8 Jul 2010 11:54:33 -0700, "nom=de=plume"
wrote:

"WASHINGTON - The International Monetary Fund is calling for the
United
States
to make a stronger effort to curb its budget deficits."

http://tinyurl.com/3yj8f3b

So, all of a sudden you've decided to listen to the IMF. Sounds like a
one-world gov't in the making to me.


IMF has to say that to us if they are going to have any credibility
with Greece and the rest of the PIGS

So, does that mean the right-wing should or shouldn't listen to them....


We are going to have to thread the needle between stimulating the
economy and crashing it with runaway debt.
It is a tipping point situation. Once we lose the confidence of the
lenders, most of them in Europe, the end could come quickly. We are
currently blessed with very low interest rates but that could change
at the next treasury auction.

The treasury has already indicated no change is likely. There's always a
tipping point. The _point_ is that we can't cut back on spending in the
middle of a nasty recession. That was tried and it failed.

I listened to David Frum on NPR. He had an interesting take on inflation,
basically saying that mild inflation would take a big bite out of the debt
situation.

http://www.frumforum.com/the-rising-threat-of-deflation
http://www.frumforum.com/frum-inflation-has-merits

An interesting perspective.