IMF Chief Christine Lagarde
Talks About The Lifeguard's Asset
To avoid going over the fiscal cliff, the United States needs to raise taxes and cut spending. Lagarde noted that it's a little like having The Lifeguard behind you.
Tax increases and austerity measures are like sex with The Lifeguard, Lagarde remarked. "It's a little painful at first, but then once you get into it, it feels so good."
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