IMF Says US Must Raise All Taxes, Cut All Entitlements By 35% To Contain Future Budget
In what is either a delayed April Fool's report, or its latest exercise in rhetoric the IMF asks the humorous question: "An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?" The obvious answer is naturally the Fed. The unobvious answer, according to the IMF, is the impossible: a slashing all of USSA's entitlement benefits by a whopping 35% combined with a hike in all tax rates. From the IMF: "This paper updates existing measures of the U.S. fiscal gap to include federal laws up to and including the mid-December 2010 federal fiscal stimulus. It then applies the methodology of generational accounting to establish how the burden of adjustment required to attain fiscal sustainability is shared across generations. We find that the U.S. fiscal and generational imbalances are large under plausible parametric assumptions, and, while not much affected by the financial crisis, they have not improved much by the passing of the Final Healthcare Legislation. We find that, under our baseline scenario, a full elimination of the fiscal and generational imbalances would require all taxes to go up and all transfers to be cut immediately and permanently by 35 percent. A delay in the adjustment makes it more costly." Such drama: have these people really not heard of the Fed. What is rather shocking is that Larry Kotlikoff, who has made it all too clear the US is bankrupt, was used as a consultant: "We are extremely grateful to Lawrence Kotlikoff who acted as a consultant providing unique inspiration, guidance and supervision." Are massively dissenting voices now credible sources of information? What next: Fed white paper citing Zero Hedge?
read more here http://www.zerohedge.com/article/imf-says-us-must-raise-all-taxes-c...
read more here http://www.zerohedge.com/article/imf-says-us-must-raise-all-taxes-c...
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
Jerusalem Syndrome - Israel/Palestine
August 2006For some, visiting Jerusalem brings them a little too close to God. Dozens of tourists develop 'Jerusalem Syndrome', believing they have a messian...
So you Don't Think Communist China is Buying Off the Democrat Party?
California Democrats Just Joined Hands With Communists Funded From ShanghaiPosted on …See More
681373888_994247376374814_9118727954735788138_n
"But Wait Folks... There's even more, even more than more in this ugly situation. A story of…"
"Ning is working on theproblem. Their reply:
"Hello, Thank you for notifying us.We are…"
The Day of the Dolphin (1973) Original Trailer [FHD]
Directed by Mike Nichols. With George C. Scott, Trish Van Devere and Paul Sorvino.The Day of the Dolphin Blu-ray : https://amzn.to/3W9bfbxThe Day of the Dolp...
"I issued a ticked concerning your report. "The rgeular format is not appearing on the…"
Report an Issue
"The rgeular format is not appearing on the page and I can't add contwent unless its limited…"
"cheeki kea, you are so right. We live in a world where even art has been lost to the savagery of…"
"I seriously doubt Trump has a God complex as he is merely treying to save this country, but people…"
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network