Detail Shift This Cliff; America's Budget Woes   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8789 (Jun. 2012), page 13-16. Topik: Politics; Federal Budget; Economic Policy Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.72 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel When quarrelling politicians got into a deadlock in 2010 and again last year over how to close America's gaping budget deficit, they picked the easy way out. They applied temporary patches that would expire after this November's presidential and congressional elections. For the political parties, this made sense. Then as now, they seemed incapable of compromise. Democrats were hostile to spending cuts; Republicans as fond of tax increases as they were of flag-burning. Rather than moderate their views, both sides preferred to fight it out during an election campaign. For the country, however, the strategy has been costly. The temporary patches postponed a premature fiscal tightening, but created a fiscal "cliff" at the end of this year. It included the reimposition of the taxes that George W. Bush cut, an increase (in effect) in payroll taxes and a string of across-the-board spending cuts ("sequesters"). You do not have to be Sherlock Holmes to see that wrestling on a cliff-edge is dangerous. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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