In this space I have often criticised the Obama administration for failing to lead on US fiscal policy. Its recent budget, and the revised outline that instantly replaced it, were entirely unserious. Even now, the White House lacks a detailed proposal either for dealing with the immediate political challenge of raising the statutory debt ceiling and thus avoiding default – time for this runs out in a few more weeks – or for addressing the longer-term fiscal problem.
在這個專欄中,我經常批評奧巴馬政府未能引導好美國的財政政策。它近期提出的預算案,以及隨后用以替換這份預算案的一份經過修訂的綱要,一點兒都不談不上嚴肅。即便到了現在,白宮也仍未能拿出一份詳細的提案,來化解提高法定債務上限這一緊迫政治挑戰、進而避免違約(再過幾周就會發生),或是來解決中長期財政問題。
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