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Washington Gridlock Impacts US Financial Standing1
At a time of daunting2 economic challenges, many Americans are dismayed by Washington’s political paralysis3.
Fueling the gridlock: divided government. Republicans control the House of Representatives and Democrats5 control the Senate.
Perhaps the biggest casualty of gridlock: U.S. fiscal6 health and financial standing in the world. With the nation teetering on the edge of a debt default last year, Congress engaged in a ferocious7, months-long battle over deficit8 reduction. Republicans demanded deep spending cuts.
“Giving the federal government more money would be like giving a cocaine9 addict10 more cocaine,” said John Boehner, Republican Speaker of the House.
Democrats accused Republicans of targeting the poor and protecting the rich.
“There is not one red cent coming from America’s wealthiest families, while we are willing to cut education for the poorest children in America,” said Democrat4 Rep. Nancy Pelosi.
President Barack Obama, a Democrat, sought $4 trillion in deficit reductions over 10 years. In the end, the White House and Congress could only agree on about half that much. The fight nearly led to a U.S. debt default. Credit ratings agencies blasted Washington’s performance. Standard & Poor’s did what once would have been considered unthinkable: it downgraded U.S. creditworthiness.
“Political gridlock in Washington leads us to conclude that policymakers do not have the ability to proactively put the finances of the U.S. on a sustainable footing,” said Chambers11.
Finger-pointers all have a common target: Washington gridlock.
"This slash-and-burn, take-no-prisoners, no-compromise-no-matter-what approach to politics is one of the reasons why Congress is having such a difficult time getting things done," President Obama said.
“The biggest threat to our economy is not Europe’s instability or China’s monetary12 policy or anything else, it is this partisan13 paralysis and political cowardice14 that I think is defining Washington,” said New York City Mayor Michael Bloomberg.
Members of Congress regularly bemoan15 America’s fiscal problems. But taking action means surmounting16 partisanship17, something Washington struggles mightily18 to do.
1 standing | |
n.持续,地位;adj.永久的,不动的,直立的,不流动的 | |
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2 daunting | |
adj.使人畏缩的 | |
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3 paralysis | |
n.麻痹(症);瘫痪(症) | |
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4 democrat | |
n.民主主义者,民主人士;民主党党员 | |
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5 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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6 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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7 ferocious | |
adj.凶猛的,残暴的,极度的,十分强烈的 | |
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8 deficit | |
n.亏空,亏损;赤字,逆差 | |
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9 cocaine | |
n.可卡因,古柯碱(用作局部麻醉剂) | |
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10 addict | |
v.使沉溺;使上瘾;n.沉溺于不良嗜好的人 | |
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11 chambers | |
n.房间( chamber的名词复数 );(议会的)议院;卧室;会议厅 | |
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12 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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13 partisan | |
adj.党派性的;游击队的;n.游击队员;党徒 | |
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14 cowardice | |
n.胆小,怯懦 | |
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15 bemoan | |
v.悲叹,哀泣,痛哭;惋惜,不满于 | |
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16 surmounting | |
战胜( surmount的现在分词 ); 克服(困难); 居于…之上; 在…顶上 | |
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17 Partisanship | |
n. 党派性, 党派偏见 | |
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18 mightily | |
ad.强烈地;非常地 | |
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