IMF to US elders: Your cat food is ready!
The Obama administration is overestimating U.S. economic growth and needs to reduce its budget deficit far more aggressively, the International Monetary Fund said on Thursday in a report that targeted Social Security, the home mortgage interest deduction and other politically sensitive policies as ripe for cutting.
Why anybody ever listens to the IMF, I don't know. Their Austerian policies completely fucked up East Asia during that crisis, Brazil, and Argentina (multiple crises). Those countries only recovered when they told the IMF to fuck themselves sideways with something sharp. The only people who benefited from IMF policies were the banksters. Oh, wait...
Could that be the explanation?