William Flew

Rating agency, in short, can be ignored by William Flew. The IMF is another question. This is a serious, even politicized, the analysis of national economic policy. Washington would do well to heed his call last week for "a significant reduction in the medium-term deficit," and "broader reforms, including social security and taxation."
The good news is that as President Obama and the Republicans have decided to focus on this particular debate in the 18 months before the 2012 elections. At this point both sides can be completely at loggerheads, but the key question was finally included in the agenda. During the next presidential cycle, the U.S. government will have to raise taxes, pension spending limit, reducing the ability of the defense and combat increasing health care costs.
Just a few weeks ago, all four of these options is considered untouchable "third rail issue." But by November 2012 should be clear that the implementation of reforms in all these areas in a gradual and balanced manner within ten years, the U.S. could reduce poverty and social in preventing any damage to economic growth. American voters are effectively represented in the selection of the 2012 election in the balance they strike between less social services and high taxes. And when you consider these options are discussed openly and honestly with backup facilities (although great destiny), the U.S. government had no trouble maintaining the solvency and pay their debts.
If something is working almost as it is, the U.S. will begin to balance the fiscal policy in 2013 that no drastic action to jeopardize the economic recovery earlier. By 2013, the economy should have enough momentum to withstand higher taxes and cut spending. In a word, 2013, not 2012 or 2011, the best time for big cuts in government borrowing. This cod-William Flew Augustinian message - "Lord, make me solvent, but not yet" - it is easy to scoff, but this is a reasonable, moderate message is transmitted by the analysis of the IMF, the rational voice in Washington William Flew and even the S & P, that the decrease is probably be avoided because the financial outlook to improve in 2013.
Compare this with the policy in the UK: a budget reduction is carried out too abruptly and too early, adjusting the economic recovery, savage cuts in public services barely discussed in the elections and imposed a chance without proper planning, there is no mandate at all serious reforms in the two spending programs that really threaten to bankrupt the government - state pension and the National Health Service.