Detail Entitlements in America   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8837 (May 2013), page 22-24. Topik: Political Advise; Economic Conditions; Obama's Second Term Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.76 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel All through your first term you were accused of presiding over America's fiscal ruin. In your first year in office the deficit hit a peacetime record of 10.1% of GDP, and went past $1 trillion for four years. Suddenly the critics have fallen silent. The idiotic comparisons to Greece have stopped. The reason: deficit projections are falling fast. The Congressional Budget Office (CBO) now says it will shrink to 4% of GDP in this fiscal year and 2.1% by 2015. No wonder Republicans would rather talk about the Internal Revenue Service and Benghazi than the budget. Yet your fiscal mission is far from over. The deficit is falling thanks to the cyclical recovery of the economy, the expiry of your stimulus programmes, a fortuitous but partly temporary slowdown in health-care costs, and three deficit-reduction packages worth 1% of GDP over the next decade. This isn't good enough. Don't take it from us; almost every impartial observer, including the CBO and the IMF, says the same. The federal debt is too high, at 73% of GDP last year (gross debt is 103%). On current policies, it will hit 90% by 2035. You have, to your credit, proposed a budget which (if, by some miracle, it becomes law) puts debt on a downward course over the next decade, but it would probably not fall for much longer. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved