Monday, January 28, 2008

IMF Chief calls for increased fiscal deficits to get through crisis!!!

IMF head in shock fiscal warning

“This is the first time in 25 years that the IMF managing director has called for an increase in fiscal deficits and I regard this as a recognition of the gravity of the situation that we face,”

Posted by happyrenterz @ 01:12 PM (751 views)
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3 thoughts on “IMF Chief calls for increased fiscal deficits to get through crisis!!!

  • I don’t like the way these people all seem to think lower interest rates is the answer to all of these problems.

    Low interest rates created this mess in the first place; it’s a bit like a blind man, getting blind drunk in order to see….

    STOP IT NOW!!!

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  • The IMF is saying that the answer to a problem caused by excessive debt is… more debt. It really is the only answer the authorities have. Very worrying.

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  • it_is_going_with_a_bang says:

    It’s called running out of ideas.

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