Signs of Compromise to Reduce US Deficit

 　　With a deadline looming¹ to cut America’s massive federal deficit², lawmakers of both parties appear to be softening³ rigid⁴ ideological⁵ stances in hopes of striking a bipartisan accord that would put the United States on a sounder fiscal⁷ path.

　　Economists⁸ overwhelmingly agree the U.S. government needs to spend less and collect more tax revenue if trillion-dollar deficits⁹ are to be erased¹⁰.  But most Republicans oppose tax hikes of any kind, and most Democrats¹¹ oppose deep spending cuts to programs that benefit the poor and the elderly.  The result has been gridlock in a politically-divided Congress where neither party can impose its will, and compromise is the only path to enact¹² legislation.

　　Now, a glimmer¹³ of hope.  With weeks remaining for a bipartisan congressional committee to shave $1.2 trillion in deficits during the next decade, a small but growing number of lawmakers from both parties are setting aside ideological demands in hopes of forging a consensus¹⁴ for deficit reduction totaling $4 trillion or more.

　　Congressman¹⁵ Mike Simpson of Idaho is one of dozens of Republicans who now acknowledge the need for greater tax revenue.

　　"The reality is, you cannot get to $4 trillion without including additional revenues.  More revenue is key to this," he said.

　　Simpson spoke¹⁶ on the Fox News Sunday television program.  He helped craft a letter, now signed by more than 100 lawmakers of both parties, urging a combination of spending cuts and higher revenues for deficit reduction.

　　The other sponsor of the letter is Democratic Congressman Heath Shuler of North Carolina, who says his party must be willing to accept significant spending cuts in the interest of national solvency¹⁷.

　　"In order to save these [federal] programs, we have to make sure that they have long, more sustainable resources, but also get rid of the fraud and abuse that has been in the programs for quite some time," said Shuler, who also spoke on Fox News Sunday.

　　Specifically, Shuler said that so-called entitlement programs that provide income and health care for retirees must be reformed to make them less costly¹⁸, and cannot be excluded from deficit reduction efforts.

　　The deficit super-committee has until November 23 to find ways to trim the deficit by a minimum of $1.2 trillion. With the clock ticking, reports from Capitol Hill say the committee has been deadlocked¹⁹ on partisan⁶ lines. Should it fail to meet the deadline, automatic spending cuts would be triggered beginning next year.

　　Representative Simpson says, not only must the committee bridge partisan divides, it must exceed the $1.2 trillion target.

　　"That [$1.2 trillion] does not stabilize²⁰ the debt, and does not start paying down our deficit.  It is kicking the can down the road [putting off hard choices], and, frankly²¹, we are out of road.  We have to make some very difficult decisions," he said.

　　Despite efforts to find common ground between Democrats and Republicans, partisan differences remain.  For example, most Democrats want to raise tax rates on the wealthy, while Republicans only appear willing to eliminate tax deductions²².

　　This year’s federal deficit totals $1.3 trillion.  Cumulative federal deficits constitute the national debt, which stands at nearly $15 trillion, nearly equivalent to the U.S. gross domestic product.

1 looming   

n.上现蜃景（光通过低层大气发生异常折射形成的一种海市蜃楼）v.隐约出现，阴森地逼近( loom的现在分词 )；隐约出现，阴森地逼近

参考例句：

• The foothills were looming ahead through the haze. 丘陵地带透过薄雾朦胧地出现在眼前。 来自《简明英汉词典》
• Then they looked up. Looming above them was Mount Proteome. 接着他们往上看，在其上隐约看到的是蛋白质组山。 来自英汉非文学 - 生命科学 - 回顾与展望

2 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

3 softening   

变软，软化

参考例句：

• Her eyes, softening, caressed his face. 她的眼光变得很温柔了。它们不住地爱抚他的脸。 来自汉英文学 - 家（1-26） - 家（1-26）
• He might think my brain was softening or something of the kind. 他也许会觉得我婆婆妈妈的，已经成了个软心肠的人了。

4 rigid   

adj.严格的，死板的；刚硬的，僵硬的

参考例句：

• She became as rigid as adamant.她变得如顽石般的固执。
• The examination was so rigid that nearly all aspirants were ruled out.考试很严，几乎所有的考生都被淘汰了。

5 ideological   

a.意识形态的

参考例句：

• He always tries to link his study with his ideological problems. 他总是把学习和自己的思想问题联系起来。
• He helped me enormously with advice on how to do ideological work. 他告诉我怎样做思想工作，对我有很大帮助。

6 partisan   

adj.党派性的；游击队的；n.游击队员；党徒

参考例句：

• In their anger they forget all the partisan quarrels.愤怒之中，他们忘掉一切党派之争。
• The numerous newly created partisan detachments began working slowly towards that region.许多新建的游击队都开始慢慢地向那里移动。

7 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

8 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

9 deficits   

n.不足额( deficit的名词复数 )；赤字；亏空；亏损

参考例句：

• The Ministry of Finance consistently overestimated its budget deficits. 财政部一贯高估预算赤字。 来自《简明英汉词典》
• Many of the world's farmers are also incurring economic deficits. 世界上许多农民还在遭受经济上的亏损。 来自辞典例句

10 erased   

v.擦掉( erase的过去式和过去分词 )；抹去；清除

参考例句：

• He erased the wrong answer and wrote in the right one. 他擦去了错误答案，写上了正确答案。 来自《简明英汉词典》
• He removed the dogmatism from politics; he erased the party line. 他根除了政治中的教条主义，消除了政党界限。 来自《简明英汉词典》

11 democrats   

n.民主主义者，民主人士( democrat的名词复数 )

参考例句：

• The Democrats held a pep rally on Capitol Hill yesterday. 民主党昨天在国会山召开了竞选誓师大会。
• The democrats organize a filibuster in the senate. 民主党党员组织了阻挠议事。 来自《简明英汉词典》

12 enact   

vt.制定(法律)；上演，扮演

参考例句：

• The U.S. Congress has exclusive authority to enact federal legislation.美国国会是唯一有权颁布联邦法律的。
• For example,a country can enact laws and economic policies to attract foreign investment fairly quickly.例如一个国家可以很快颁布吸引外资的法令和经济政策。

13 glimmer   

v.发出闪烁的微光；n.微光，微弱的闪光

参考例句：

• I looked at her and felt a glimmer of hope.我注视她，感到了一线希望。
• A glimmer of amusement showed in her eyes.她的眼中露出一丝笑意。

14 consensus   

n.(意见等的)一致，一致同意，共识

参考例句：

• Can we reach a consensus on this issue?我们能在这个问题上取得一致意见吗？
• What is the consensus of opinion at the afternoon meeting?下午会议上一致的意见是什么？

15 Congressman   

n.（美）国会议员

参考例句：

• He related several anecdotes about his first years as a congressman.他讲述自己初任议员那几年的几则轶事。
• The congressman is meditating a reply to his critics.这位国会议员正在考虑给他的批评者一个答复。

16 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。

17 solvency   

n.偿付能力，溶解力

参考例句：

• Fears about the solvency of the banks precipitated the great economic crash.对银行偿付能力出现恐慌更加速了经济的崩溃。
• Their targets,including profitability ratios,solvency ratios,asset management ratios.其指标包括盈利比率、偿债能力比率、资产管理比率。

18 costly   

adj.昂贵的，价值高的，豪华的

参考例句：

• It must be very costly to keep up a house like this.维修这么一幢房子一定很昂贵。
• This dictionary is very useful,only it is a bit costly.这本词典很有用，左不过贵了些。

19 deadlocked   

陷入僵局的；僵持不下的

参考例句：

• The plan deadlocked over the funds. 这个计划由于经费问题而搁浅了。
• The meeting deadlocked over the wage issue. 会议因工资问题而停顿下来。

20 stabilize   

vt.（使）稳定，使稳固，使稳定平衡；vi.稳定

参考例句：

• They are eager to stabilize currencies.他们急于稳定货币。
• His blood pressure tended to stabilize.他的血压趋向稳定。

21 frankly   

adv.坦白地，直率地；坦率地说

参考例句：

• To speak frankly, I don't like the idea at all.老实说，我一点也不赞成这个主意。
• Frankly speaking, I'm not opposed to reform.坦率地说，我不反对改革。

22 deductions   

扣除( deduction的名词复数 )； 结论； 扣除的量； 推演

参考例句：

• Many of the older officers trusted agents sightings more than cryptanalysts'deductions. 许多年纪比较大的军官往往相信特务的发现，而不怎么相信密码分析员的推断。
• You know how you rush at things,jump to conclusions without proper deductions. 你知道你处理问题是多么仓促，毫无合适的演绎就仓促下结论。