International (Socialist) Monetary Fund Urges U.S. To Cut Debt

On Thursday the IMF (International Monetary Fund) urged President Obama to take step towards controlling the massive budget deficit without putting the “modest” economic recovery at risk.  They say that while modest the recovery has shown to be more resilient than expected.   They go on praise the Obama administration for taking steps in the right direction through healthcare reform and vowing to cut the budget deficit in half by 2013.  (see article)

Wait a minute! What economic recovery are they referring to?  Home sales hit record lows last month, unemployment levels have remained around 10% since last June, and the budget deficit skirted by 13 trillion dollars earlier this year.   Let’s not forget how much Obamacare will help the deficit either. Actually, according to the CBO, Obamacare will not only do little to lower American’s cost of healthcare but will also be an ever expanding burden on the national deficit. 

Now, that we have proven the bias of the IMF does it not speak volumes that even a liberal, socialist organization is warning the democrats to quit spending.  The IMF is, in their own words, “an organization of 186 countries (as of June 29, 2009) working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty”. 

Even the IMF now recognizes that if the liberals continue spending the way they have been we will no longer be contributing disproportionate amounts of money to the rest of the world but will likely become a major drain on the global economy.  Wake up Democrats and Congress, stop spending money we don’t have and mortgaging my future as well as my children’s.