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(单词翻译:双击或拖选)
WASHINGTON, Jan. 25 (Xinhua)-- The Unites States needs to address its budget deficit1, but measures to be taken should not bring counterproductive effects as the nation also face jobs and growth "deficits2," said a renowned3 U.S. economist4 and President Obama's former economic adviser5 on Friday.
"Economic forecasts are of course uncertain. Yet the great likelihood is that over the next 15 years debts will rise relative to incomes in an unsustainable way if no actions are taken beyond those in the 2011 budget deal and the recent 'fiscal6 cliff' agreement," Lawrence Summer, a Harvard University professor, said in an article posted on The Washington Post.
He argued that given all the uncertainties7 and current U.S. debt levels, the country "should be planning to reduce debt ratios if the next decade goes well economically."However, the former U.S. Treasury8 secretary held that although reducing prospective9 deficits should be a key priority, it should not take over economic policy.
Obsession10 with budget deficit "risks the enactment11 of measures like pseudo-temporary tax cuts that produce cosmetic12 improvements in deficits at the cost of extra uncertainty13 and long-run fiscal burdens," he explained.
Summers noted14 that given the current historically low interest rates, the Unites States has a good chance of making investments on infrastructure15 which would contribute to job creation and economic growth.
点击收听单词发音
1 deficit | |
n.亏空,亏损;赤字,逆差 | |
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2 deficits | |
n.不足额( deficit的名词复数 );赤字;亏空;亏损 | |
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3 renowned | |
adj.著名的,有名望的,声誉鹊起的 | |
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4 economist | |
n.经济学家,经济专家,节俭的人 | |
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5 adviser | |
n.劝告者,顾问 | |
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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 uncertainties | |
无把握( uncertainty的名词复数 ); 不确定; 变化不定; 无把握、不确定的事物 | |
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8 treasury | |
n.宝库;国库,金库;文库 | |
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9 prospective | |
adj.预期的,未来的,前瞻性的 | |
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10 obsession | |
n.困扰,无法摆脱的思想(或情感) | |
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11 enactment | |
n.演出,担任…角色;制订,通过 | |
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12 cosmetic | |
n.化妆品;adj.化妆用的;装门面的;装饰性的 | |
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13 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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14 noted | |
adj.著名的,知名的 | |
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15 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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16 onset | |
n.进攻,袭击,开始,突然开始 | |
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