The IMF has concerns about

The IMF has concerns about U.S. fiscal policy

CNNMoney reports on an upcoming IMF report: "IMF slams U.S. over budget "

"MILAN, Italy (Reuters) - The International Monetary Fund is set to reproach the United States for being too optimistic in its assumptions on government spending and revenues and lacking a coherent budget plan, according to a summary of a draft report.

"The report "criticizes the U.S. government's excessively optimistic assumptions regarding the development of overall state spending and revenues and the lack of a medium-term concept to consolidate budgets and reform the social insurance system," the draft said..."

I learned about this from ArgMax: "IMF on US Budget ". Brad DeLong also links to the story ("The IMF Is Unhappy"), and adds the following comment:

"Various people who have worked in past Republican administrations say that the quality of economic-policy decision-making in this particular Bush Administration really is atrociously bad--as bad as in Reagan's disastrous first year."

I wonder if that continues to apply since the turnover in policy making staff late last year and early this year.