IMF: US economy on better foundation, but tax increases, spending cuts still drag on growth

  • Article by: CHRISTOPHER S. RUGABER , AP Economics Writer
  • Updated: June 14, 2013 - 12:00 PM

WASHINGTON — The U.S. economy is on sounder footing than it was a year ago but is still being restrained by government spending cuts and tax increases, the International Monetary Fund said Friday.

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dumbgopJun. 14, 1311:04 AM

If the IMF predicts growth of just 1.9 percent, down from last years 2.2 percent, how exactly would we be on a better foundation?

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hjlazniJun. 14, 1311:51 AM

We need 9 percent just to catch up.

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dumbgopJun. 14, 1312:49 PM

Article by: CHRISTOPHER S. RUGABER , AP Economics Writer/Obama apologist and Obama administration spin Doctor.

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jd55604Jun. 14, 13 5:34 PM

So spending cuts which would allow me to keep more of my money is a drag on the economy? They can't have it both ways by saying consumer spending drives the economy and spending cuts are detrimental to growth.

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