http://www.truth-out.org/the-attack-real-black-helicopter-gang-the-imf-is-coming-your-social-security61291
Dean Baker writes in this column that the IMF is stressing U.S. deficit reduction and has identified social security as the place to start cutting.
Baker's article notes why the IMF is full of crap.
I have written quite a bit about the dangers of "austerity." The IMF austerity program is a proven recipe for disaster. Cutting social security will pummel aggregate demand and will, in the end, exacerbate deficits, rather than improving them.
Additionally, the U.S. deficit does not "crowd out" savings because the US is the world currency reserve.
The IMF is for all intents and purposes a kind of "terrorist" organization that has wrecked havoc upon nations. The U.S. would be unwise to follow its advice...
Subscribe to:
Post Comments (Atom)
-
March 11 is the anniversary for the Fukushima Daiichi disaster of 3 nuclear meltdowns, at least one melt through, and a fire in at least ...
-
Wall Street Aristocracy Got $1.2 Trillion From Fed By Bradley Keoun and Phil Kuntz - Aug 22, 2011 5:19 AM MTMon Aug 22 12:19:08 GMT 2011 ht...
-
Controlling the public mind was prioritized and operationalized scientifically in the 20th century: Edward Bernays (1928) Propaganda: “The ...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.