From the frenzied political battle and clashes of opinion of recent weeks, an observer might conclude the US faces fiscal catastrophe. It does not. The fiscal position has improved dramatically and poses no medium-term risks. The only fiscal crisis the US faces is one inflicted by a purported desire to avert one. The real issue is: what government Americans want and how they choose to pay for it.
看到最近几周狂热的政治斗争和立场冲突,观察者可能会得出美国面临财政灾难的结论。但实情并非如此。美国财政状况已明显改善,从中期来看不会引发任何危机。美国面临的唯一财政危机,就是在应对危机过程中“光打雷不下雨”的做派。真正的问题是:美国人想要什么样的政府?他们又将如何支持政府财政?
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