IMF Devolves Into Massive Stupidity …… Again

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The IMF continually gets things wrong, and they continue today. 

The International Monetary Fund urged the United States on Friday to and recommended that the through at least the end of the year.

In its annual check of the health of the U.S. economy, the IMF forecast economic growth would be a sluggish 1.9 percent this year. The IMF estimates growth would be .

The IMF said the United States should reverse the spending cuts and instead adopt a plan to slow the growth in spending on government-funded health care and pensions, known as “entitlements.” The Fund would also like the United States

“The deficit reduction in 2013 has been ,” the IMF said. “These cuts should be replaced with a back-loaded mix of entitlement savings and new revenues.”

The IMF is reduced to ideological wordspeak advocacy and has very little to offer in the way of true economic analysis. …

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