The International Monetary Fund (IMF) has issued a stark warning to the United States, emphasizing the urgent need to reduce annual deficits by around 4% of GDP relative to the current baseline to put the debt-to-GDP ratio on a downward trajectory. The IMF projects that under current policies, the U.S. general government debt will exceed 140% of GDP by 2032. To address this, the IMF recommends eliminating a range of tax expenditures, reforming entitlement programs, and progressively raising income tax rates, including for those earning under $400,000 per year. The savings from these measures should be diverted to programs aimed at alleviating poverty. The IMF chief urges U.S. policymakers to address the debt burden urgently.
IMF chief urges US policymakers to cut deficits https://t.co/FoDBZtN74w
IMF warns US must ‘urgently’ address debt burden https://t.co/YWYspq3j6I
The US authorities increasingly urgently need to move to reducing public debt in relation to GDP, since its growth threatens both the American and global economies; by 2032 it could exceed 140% of GDP, the IMF. Don’t worry they will print more money , MIC needs constant feeding.
IMF: U.S. SHOULD PROGRESSIVELY RAISE INCOME TAX RATES, INCLUDING FOR THOSE EARNING UNDER $400,000 PER YEAR https://t.co/TWsd2QLRxV
The International Monetary Fund has recommended that the United States cut taxes and reform entitlement programs, with the savings being diverted to help alleviate poverty in the country. #IMF #TaxReform
IMF: U.S. SHOULD ELIMINATE A RANGE OF TAX EXPENDITURES AND REFORM ENTITLEMENT PROGRAMS, DIVERT SOME SAVINGS TO PROGRAMS TO ALLEVIATE POVERTY
IMF: U.S. NEEDS TO REDUCE ANNUAL DEFICITS BY AROUND 4% OF GDP RELATIVE TO CURRENT BASELINE TO PUT DEBT-GDP RATIO ON DOWNWARD TRAJECTORY
IMF: U.S. GENERAL GOVERNMENT DEBT WILL EXCEED 140% OF GDP BY 2032 UNDER CURRENT POLICIES
IMF: THE US NEEDS TO REDUCE ANNUAL DEFICITS BY AROUND 4% OF GDP RELATIVE TO CURRENT BASELINE TO PUT DEBT-GDP RATIO ON DOWNWARD TRAJECTORY.
IMF: THE US SHOULD ELIMINATE A RANGE OF TAX EXPENDITURES AND REFORM ENTITLEMENT PROGRAMS, DIVERT SOME SAVINGS TO PROGRAMS TO ALLEVIATE POVERTY.