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Economy Slow Down Predicted As Sequester1 Looms2
Democrats3 and Republicans in Washington are once again approaching a showdown over how to reduce the national debt -- with Republicans calling for cuts in domestic spending programs and Democrats asking that tax loopholes be closed on the wealthiest Americans.
This time, the Republicans who control the House of Representatives are threatening to let the cuts take effect. “The sequester will be in effect until there are cuts and reforms that put us on a path to balance the budget over the next 10 years, period!” explained House Speaker John Boehner.
President Obama is warning the cuts would be brutal4.
"These cuts are not smart. They are not fair. They will hurt our economy," Obama stated. "They will add hundreds of thousands of Americans to the unemployment roles. This is not an abstraction. People will lose their jobs."
Democratic Congressman5 Steny Hoyer blames Republicans.
"Thousands of Americans will lose their jobs or be furloughed, including teachers, researchers, law enforcement agents and military contractors6. Everyone should be clear that sequestration is a Republican policy," he said. "And it is a bad policy."
But some Republicans, like Senator Rand Paul of Kentucky, think the sequester does not really go far enough.
"Few people understand that the sequester does not even cut government spending. It just slows the rate of growth," he noted7.
The Defense8 Department says troop training and maintenance of aircraft and ships would be delayed or suspended if the cuts take effect.
And some 800,000 civilian9 defense workers would each be forced to take one day a week off -- without pay.
Some economists10 say the cuts could have a ripple11 effect on the entire economy -- and on services Americans depend on.
"A lot of workers will have to be furloughed from their jobs and those workers perform jobs like inspecting the safety of our food and water," said Joan Entmacher, an expert on family economic security.
Since U.S. federal law mandates12 inspection13 of meat, poultry14 and egg products, production of those commodities will shut down on days inspectors15 are furloughed. Mark Dopp of the American Meat Institute says the furloughs would not threaten the safety of American meat but would have a big impact on the economy.
"Not only does it affect the inspectors who are furloughed, it would affect the more than 500,000 people who work every day in meat and poultry processing facilities, from the slaughter16 facilities to the processing facilities," said Dopp. "It would also effect the more than one million cattle, hog17 and turkey producers..."
With only a few days left until the cuts take place, it is not clear whether President Obama will, once again, invite congressional leaders to the White House to try to hammer out a compromise budget deal.
1 sequester | |
vt.使退隐,使隔绝 | |
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2 looms | |
n.织布机( loom的名词复数 )v.隐约出现,阴森地逼近( loom的第三人称单数 );隐约出现,阴森地逼近 | |
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3 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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4 brutal | |
adj.残忍的,野蛮的,不讲理的 | |
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5 Congressman | |
n.(美)国会议员 | |
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6 contractors | |
n.(建筑、监造中的)承包人( contractor的名词复数 ) | |
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7 noted | |
adj.著名的,知名的 | |
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8 defense | |
n.防御,保卫;[pl.]防务工事;辩护,答辩 | |
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9 civilian | |
adj.平民的,民用的,民众的 | |
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10 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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11 ripple | |
n.涟波,涟漪,波纹,粗钢梳;vt.使...起涟漪,使起波纹; vi.呈波浪状,起伏前进 | |
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12 mandates | |
托管(mandate的第三人称单数形式) | |
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13 inspection | |
n.检查,审查,检阅 | |
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14 poultry | |
n.家禽,禽肉 | |
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15 inspectors | |
n.检查员( inspector的名词复数 );(英国公共汽车或火车上的)查票员;(警察)巡官;检阅官 | |
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16 slaughter | |
n.屠杀,屠宰;vt.屠杀,宰杀 | |
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17 hog | |
n.猪;馋嘴贪吃的人;vt.把…占为己有,独占 | |
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