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"Continued policy action is needed to boost the recovery," IMF Managing Director Christine Lagarde said at a news conference. "We believe the U.S. authorities do not have a lot of space available to act, but they should use it to support the recovery in the near term."
"At the same time, promptly raising the debt ceiling would help reduce uncertainty and avoid the risk of losses in confidence and financial market instability as the deadline approaches," the IMF report said.
Originally posted by Dreine
reply to post by TinkerHaus
My main issue with all of this is the fact that we are refusing to act, to take the hard steps and do the hard work OURSELVES and are instead passing the bill to our children and grandchildren.
Our grandparents gave us one of, if not the, greatest nation on Earth and all we have done is squander their work and turn a deaf ear to their teachings.
I can only imagine in 50 years, if things continue down the path they currently are, how much hatred that generation will have for ours when they are knee-deep in inflation and debt.