Jul
06
The International Monetary Fund issued some sharp warnings to the United States and to the Obama Administration. The IMF is concerned about our rapidly growing budget deficit which just today it increased $166 Billion dollars, the most ever in a single day. They also believe that the Obama White House is overly optimistic about GDP growth. The IMF sees the U.S. economy remaining sluggish for years to come as consumers and investors hold on to their money. So, the make up for falling revenues, the International Monetary Fund suggests tax increases, including a national sales tax.
One item in particular has the IMF worried, the Obama health care plan.