Didnt they just tell the Fed it should keep the gas pedal on with QE3, essentially suggesting we should borrow more? WTF?
Who is their puppetmaster?
Clipped from www.cnbc.com
IMF Warns US on Debts, Wants Austerity
The US lacks a “credible strategy” to stabilize its mounting public debt posing a small but significant risk of a new global economic crisis, says the International Monetary Fund.
In an unusually stern rebuke to its largest shareholder, the IMF said the US was the only advanced economy to be increasing its underlying budget deficit in 2011 at a time when its economy was growing fast enough to reduce borrowing.