VOA慢速英语2013 华盛顿关门的巨大经济成本

 

华盛顿关门的巨大经济成本

WASHINGTON — The U.S. Senate is expected to work on an emergency funding bill this weekend to keep the government operating after its spending authority runs out October 1. The bill would still require approval from the Republican-led House of Representatives, which earlier this week agreed to fund the government only if none of the funds are used to implement² President Barack Obama’s signature health care law. But even if lawmakers succeed in averting³ a costly⁴ shutdown, some say the U.S. economy already is paying the price for political dysfunction.

It’s down to the wire again as Washington wrestles⁵ with another fiscal⁶ deadline. But even if lawmakers succeed in defusing the latest crisis, the uncertainty⁷ carries a hefty price tag.

One study suggests that since the last budget impasse⁸ in 2011 - the market volatility⁹, hiring delays and reduced consumer demand have shaved about $150 billion from the country’s gross domestic output.

Testifying in Congress this week, economist¹⁰ Mark Zandi said that’s equivalent to more than one million jobs. “If political uncertainty had not risen to the degree that it has, the unemployment rate today would still be high, uncomfortably high, but at 6.6 percent [we’re currently at 7.3 percent, it would be 6.6 percent] that would make a meaningful difference to our economy’s performance.”

Washington’s political dysfunction was evident this week when freshman¹¹ Republican senator Ted¹ Cruz railed for 21 hours against the health care law to delay a procedural vote. As part of his speech, he read excerpts¹² from a children's book.

Fiscal reform advocate Robert Bixby said that’s not a winning formula for Republicans. "If their position is they would not increase the debt ceiling or indeed pass any appropriations¹³ bills unless Obamacare is repealed¹⁴ or defunded, that I think would be viewed by the public as an unreasonable¹⁵ demand and I think they would hold Republicans responsible.”

Likely to be even more contentious¹⁶ is the coming debate on the debt ceiling. Failure to raise the debt limit will mean the U.S. government could run out of money to pay its debts by October 17 - the consequences of which Mark Zandi says “would be cataclysmic. It would mean higher mortgage rates, higher borrowing costs for businesses, lower stock prices, lower house prices, a full blown recession and there would be no reasonable policy response to it.”

But another leading economist says those claims are greatly exaggerated. Alan Meltzer says the budget debates are necessary and more likely to lead to a compromise.

“There will be consequences, but the consequences will depend upon how long the default goes on. It isn’t going to go on forever and it probably will arouse enough reaction from the public that will, if we don’t get the agreement before, we’ll get it after,” said Meltzer.

The domestic wrangling¹⁷ is a big worry for U.S. trading partners. Many countries, especially those in emerging markets are dependent on American consumer demand for their exports. Another political stalemate could erode¹⁸ the world's confidence in the U.S. economy, which had been showing modest but steady signs of recovery.

1 ted   

vt.翻晒，撒，撒开

参考例句：

• The invaders gut ted the village.侵略者把村中财物洗劫一空。
• She often teds the corn when it's sunny.天好的时候她就翻晒玉米。

2 implement   

n.(pl.)工具，器具；vt.实行，实施，执行

参考例句：

• Don't undertake a project unless you can implement it.不要承担一项计划，除非你能完成这项计划。
• The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。

3 averting   

防止，避免( avert的现在分词 )； 转移

参考例句：

• The margin of time for averting crisis was melting away. 可以用来消弥这一危机的些许时光正在逝去。
• These results underscore the value of rescue medications in averting psychotic relapse. 这些结果显示了救护性治疗对避免精神病复发的价值。

4 costly   

adj.昂贵的，价值高的，豪华的

参考例句：

• It must be very costly to keep up a house like this.维修这么一幢房子一定很昂贵。
• This dictionary is very useful,only it is a bit costly.这本词典很有用，左不过贵了些。

5 wrestles   

v.（与某人）搏斗( wrestle的第三人称单数 )；扭成一团；扭打；（与…）摔跤

参考例句：

• The book also wrestles with the idea of individualism. 书中也与个人英雄主义的观念进行搏斗。 来自互联网
• He that wrestles with us strengthens our nerves and sharpens our skill. 和我们搏斗的人锻炼了我们的勇气，磨练了我们的技能。 来自互联网

6 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

7 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。

8 impasse   

n.僵局；死路

参考例句：

• The government had reached an impasse.政府陷入绝境。
• Negotiations seemed to have reached an impasse.谈判似乎已经陷入僵局。

9 volatility   

n.挥发性，挥发度，轻快，（性格）反复无常

参考例句：

• That was one reason why volatility was so low last year.这也是去年波动性如此低的原因之一。
• Yet because volatility remained low for so long,disaster myopia prevailed.然而，由于相当长的时间里波动性小，灾难短视就获胜了。

10 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

11 freshman   

n.大学一年级学生(可兼指男女)

参考例句：

• Jack decided to live in during his freshman year at college.杰克决定大一时住校。
• He is a freshman in the show business.他在演艺界是一名新手。

12 excerpts   

n.摘录，摘要( excerpt的名词复数 )；节选（音乐，电影）片段

参考例句：

• Some excerpts from a Renaissance mass are spatchcocked into Gluck's pallid Don Juan music. 一些文艺复光时期的弥撒的选节被不适当地加入到了格鲁克平淡无味的唐璜音乐中。 来自《简明英汉词典》
• He is editing together excerpts of some of his films. 他正在将自己制作的一些电影的片断进行剪辑合成。 来自辞典例句

13 appropriations   

n.挪用（appropriation的复数形式）

参考例句：

• More commonly, funding controls are imposed in the annual appropriations process. 更普遍的作法是，拨款控制被规定在年度拨款手续中。 来自英汉非文学 - 行政法
• Should the president veto the appropriations bill, it goes back to Congress. 假如总统否决了这项拨款提案，就把它退还给国会。 来自英汉非文学 - 政府文件

14 repealed   

撤销，废除( repeal的过去式和过去分词 )

参考例句：

• The Labour Party repealed the Act. 工党废除了那项法令。
• The legislature repealed the unpopular Rent Act. 立法机关废除了不得人心的租借法案。

15 unreasonable   

adj.不讲道理的，不合情理的，过度的

参考例句：

• I know that they made the most unreasonable demands on you.我知道他们对你提出了最不合理的要求。
• They spend an unreasonable amount of money on clothes.他们花在衣服上的钱太多了。

16 contentious   

adj.好辩的，善争吵的

参考例句：

• She was really not of the contentious fighting sort.她委实不是好吵好闹的人。
• Since then they have tended to steer clear of contentious issues.从那时起，他们总想方设法避开有争议的问题。

17 wrangling   

v.争吵，争论，口角( wrangle的现在分词 )

参考例句：

• The two sides have spent most of their time wrangling over procedural problems. 双方大部分时间都在围绕程序问题争论不休。 来自辞典例句
• The children were wrangling (with each other) over the new toy. 孩子为新玩具（互相）争吵。 来自辞典例句

18 erode   

v.侵蚀，腐蚀，使...减少、减弱或消失

参考例句：

• Once exposed,soil is quickly eroded by wind and rain.一旦暴露在外，土壤很快就会被风雨侵蚀。
• Competition in the financial marketplace has eroded profits.金融市场的竞争降低了利润。