International Monetary Fund, 27, said, if you want to achieve by 2013 the goal of halving the deficit, America must make its financial policy, "a major adjustment."
IMF accused the United States Congress by the end of 2010 to extend the Bush tax cuts during the decision, saying the stimulus effect will be less than the financial cost of their pay, and pointed out that in 2011 the United States is the expansionary economic policy to implement the only developed countries. U.S. policy decision makers, and the Japanese government's tax cuts, will delay the urgent need to enhance their efforts to resolve the financial situation.
IMF believes that the U.S. and Japan is particularly needed to reduce the deficit and debt through the development of measures to enhance their ability to adjust in order to fulfill their commitment to deficit reduction.
White House and many congressmen from both parties on Capitol Hill expressed concern about the deficit. Barack Obama 26 pm "State of the Union" during the claim domestic discretionary spending freeze for 5 years; this policy will be supported by reducing the government deficit within 10 years, more than 4,000 billion dollars.
Obama said "the worst economic recession since the period has ended, we must face the fact that our government make ends meet."
Overall, IMF said the global economy in 2011 is expected to be slower than expected pace in order to reduce the deficit, while the total debt ratio is expected to climb to more than the global gross domestic product, more than 100%. Europe's debt crisis, coupled with some emerging economies, the risk of overheating the economy may be cause for concern.