IMF learns from their mistakes

[gejohnston]

[Half-Century Man]

1. I hope we listen, If we continue down the dark road..

..I fear that the mass majority of us will follow the historical examples of ridding a society of a parasitic upper class. And studying them in a history course or celebrating the holidays commemorating them can be fun, bloody revolutions are stressing to live through.

[pa28]

2. Tom is almost always right but is seems he's misinterpreted the meaning of the IMF statement here.

Under current law the deficit will shrink rapidly and we'll be very close to a balanced budget by 2015. A surplus is not out of the question if growth exceeds expectations by hitting 4%. Apparently the IMF does not like that and they also seem to think it's their business.

What the IMF is saying here is that we need to scrap the sequester and balance the budget more gradually by focusing on entitlement savings. By entitlement savings they mean cuts in social programs . . . not expansion.