Federal budget cuts in the U.S are coming too fast and slowing the pace of the U.S. recovery, the International Monetary Fund says in a new assessment of the U.S. economy.
When even the original Austerians think we’re too austere… well… I reckon there’s a problem.
Even more interesting is the advice from Director Lagarde:
In a press briefing Friday on the IMF’s forecast, IMF managing director Christine Lagarde said the U.S. should slow down budget cuts now but move faster in shaping a longer-term deficit reduction plan that would take hold when the economy is stronger.
In “TheresMoreVille,” we’ll see who else has been espousing such a strategy…