Deficit fever is definitely breaking. But we’re not out of the woods just yet.
Deficit fever is definitely breaking. But we’re not out of the woods just yet.
by digby
Uh oh, here comes another shrill condemnation of deficit fever by a leftwing radical commie:
The International Monetary Fund chief criticized the U.S. on Tuesday for cutting back government spending too much too fast, saying it was taking a toll on growth in one of the world’s main economic engines.
Christine Lagarde also said upbeat financial markets are out of whack with a sluggish global economy that is showing signs of slowing even further.
In an overview of trouble spots around the world, Lagarde said the U.S. had come a long way in the five years since it triggered the global economic crisis with financial excesses.
“Despite this progress, the U.S. is not doing as well as it should, largely because of self-inflicted fiscal wounds,” she said, a reference to government belt tightening which the IMF says has gone too far too fast.
More: Hullabaloo