IMF Cuts U.S. Growth Forecast, Warns Of Crisis

[Purveyor]

By Luciana Lopez

SAO PAULO | Fri Jun 17, 2011 10:41am EDT

(Reuters) - The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits.

The IMF, in its regular assessment of global economic prospects, said bigger threats to growth had emerged since its previous report in April, citing the euro zone debt crisis and signs of overheating in emerging market economies.

The Washington-based global lender forecast that U.S. gross domestic product would grow a tepid 2.5 percent this year and 2.7 percent in 2012. In its forecast just two months ago, it had expected 2.8 percent and 2.9 percent growth, respectively.

Overall, the IMF slightly lowered its 2011 global growth forecast to 4.3 percent, down from 4.4 percent in April. Its forecast for 2012 growth remained unchanged at 4.5 percent.

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http://www.reuters.com/article/2011/06/17/us-imf-idUSTRE75G2VD20110617?feedType=RSS&feedName=topNews

[no_hypocrisy]

1. More taxes on millionaires. For the sake of the global economy!

[fascisthunter]

2. let the country fall apart for the Rich and Wealthy

sick bastards

[bossy22]

4. and watch it then fall apart for the little guy

if one part falls, we all fall.

[girl gone mad]

6. It's already fallen apart for the little guy.

Open your eyes.

[fascisthunter]

7. Um... that is already implied in my post

"country" includes us all, and it will be the fault of the wealthy and rich who have been gaining the system. What more do they need from americans? Our fucking blood?

[Atman]

3. Just don't tax the rich, whatever you do! They're creating all the jobs!

:eyes:

.

[RKP5637]

5. Let's see, unemployment, extensive outsourcing, flat paychecks for

about 20 years, decreasing demand, less taxes = less revenue, corruption, cornered wealth by those contributing little, spiraling prices, citizen unrest, extensive borrowing, endless wars, failing educational systems by politicians, a less than optimal healthcare system, increasing debt, banksters and wall street shenanigans, a failed congress, and +++

Yep, that was pretty easy to add up to "playing with fire."

Oh, I forgot, the solution to all of this is lower and lower taxes and moving toward the right.

Is this country F'ed up or what.

The cornered wealth, banksters, wall street, RW, religious RW, the whole shebang could give a F about this country and its future. And IMO some of the dems are right in there with them.

[Mad Machinist]

8. There are more Dems involved then you know.

I have a plan to fix alot of problems in one fell swoop that I will reveal very soon.

[sendero]

9. Some Dems?

.. as of right now I'd say MOST Dems.