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IMF chief applauds Obama deficit plan

Posted By admin On April 15, 2011 @ 5:05 am In Money Watch | Comments Disabled

AFP [1]
April 15, 2011

The head of the International Monetary Fund on Thursday applauded US President Barack Obama’s ambitious plan to slash the US government’s huge deficit and debt burden.

IMF managing director Dominique Strauss-Kahn called the need for advanced countries to get fiscal policies on a sustainable path “a real concern.”

“The recent declarations by President Obama are very welcome; (he) goes clearly in that direction,” Strauss-Kahn said at a news conference.

On Wednesday Obama unveiled his plan for a combination of tax hikes and spending cuts to reduce the US budget deficit by $4 trillion over 12 years in a major policy speech.

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[1] AFP: http://www.google.com/hostednews/afp/article/ALeqM5iVlepN6VegbmhnSWluhGs9KHaf5w?docId=CNG.d00bd28dd4744fefbda04162a88800dc.361

[2] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[3] Image: http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSILC35/PR

[4] Obama Vows Veto if Deficit Plan Has No Tax Increases: http://www.prisonplanet.com/obama-vows-veto-if-deficit-plan-has-no-tax-increases.html

[5] Dominique Strauss-Kahn: new claims of sexual misconduct add to pressure on former IMF chief: http://www.prisonplanet.com/dominique-strauss-kahn-new-claims-of-sexual-misconduct-add-to-pressure-on-former-imf-chief.html

[6] IMF chief ‘feared political opponent would pay a woman more than $1m to allege rape’: http://www.prisonplanet.com/imf-chief-feared-political-opponent-would-pay-a-woman-more-than-1m-to-allege-rape.html

[7] IMF Chief Resigns After Sex Attack Charges: http://www.prisonplanet.com/imf-chief-resigns-after-sex-attack-charges.html

[8] Geithner defends Obama as deficit again tops $1 trillion: http://www.prisonplanet.com/geithner-defends-obama-as-deficit-again-tops-1-trillion.html

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