IMF issues broad call for U.S. financial prudence
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Strike anyone as ironic that the US government, always so anxious to support the IMF when it doles out harsh advice or stringent lending conditions to other countries, now finds it so easy to blandly dismiss that same sort of advice when it concerns ourselves?? No, I didn't think so.
Thanks to the Post for publishing this story across the top of the business section. It probably merited an even higher profile, with a particular highlight on the administration's response. (that is, none of any substance).
It would be easier to shrug our shoulders and perhaps chuckle at the short-sightedness or ignorance of governmental figures if these issues weren't of paramount importance to all our economic futures. What was true for Argentina earlier this decade, what is true for Greece and Ireland today, is true for any country. Get your economic and financial house in order by yourself while you still can, or else the markets will do it for you, a result that culminates in catastrophe.
