A hypothetical IMF loan to the US.
Take for the sake of conversation that we no longer had the world reserve currency and the reality of everyone else's currency applied to us.
Being basically broke, we turn to the IMF. What do they say? Based on what I've read over the years they require a couple of things: A balanced budget. For real, no smoke and mirrors, true austerity. Free market reforms. A boatload of regulations and restrictions out the window. Transparency, which we may have already. But I wonder if we'd be up to snuff completely. Just thinking out loud. Pete |
Well we sure don't have a balanced budget. We did. But we don't now.
|
In reality, we have not had a balanced budget since Eisenhower. Clintons surplus is a farce. It's that pesky 'spending the ss' thing again.
http://www.geldpress.com/2008/07/us-...ing-deception/ Pete |
Hum. Guess we haven't lowered taxes enough.
|
Quote:
|
The last big increase was in ss withholding, to cover future payouts.
Pete |
Quote:
|
Quote:
Well, I'll let you fill that in. First off, do you agree with the above assumptions and if so, how do you fill in the end of that sentance? Take care, Ed |
Quote:
Quote:
Me personally filling in? Something like ....stop increasing spending. At least. In that I know the IMF would concur. I can see why the small nations would be a bit bitter. The overall populace, including the politicians? They've already answered it: ....print money till we run out of paper. :) Or is that :( Which the folks who argued against a democracy back at the beginning of our country would say 'I TOLD you so!!' Pete |
Quote:
|
All times are GMT -5. The time now is 04:17 AM. |
Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.