美国国家公共电台 NPR--Here's why a high-stakes debt ceiling fight looms on Capitol Hill

Here's why a high-stakes debt ceiling fight looms¹ on Capitol Hill

Transcript²

The U.S. hit the debt limit — currently $31.4 trillion — on Thursday, intensifying³ a high-stakes political battle already underway in Washington.

Some House Republicans want to leverage⁴ must-pass legislation to raise the nation's borrowing authority to extract federal spending cuts in an effort to balance the federal budget — but that could mean looking for cuts in some of the country's most popular social programs.

"Look, you only have so many leverage and negotiating points. The debt ceiling is one of those. Nobody in America wants us to blindly just raise the debt ceiling again if we don't get structural⁵ reforms around here. Nobody wants that," Rep. Chip Roy, R-Texas, told reporters last week.

Roy was part of a group of hard-right conservatives who extracted handshake agreements from Rep. Kevin McCarthy, R-Calif., in order for him to get their votes to become House speaker. As part of that, McCarthy is pledging to fight for spending cuts at all turns in this Congress.

President Biden and congressional Democrats⁶ say they will not engage in negotiations⁷ on the nation's borrowing authority. "Congress must deal with the debt limit and must do so without conditions," White House press secretary Karine Jean-Pierre reiterated⁸ this week.

The Treasury⁹ Department says "extraordinary measures" to cover the debt will be exhausted¹⁰ by June. If Congress fails to raise the debt limit before then, it will result in an unprecedented¹¹ debt default, which could have catastrophic economic consequences worldwide.

Even political brinkmanship around raising the debt limit can have consequences, as it did in 2011, when a standoff between congressional Republicans and the Obama administration roiled¹² the stock market and led to the first ever credit rating downgrade for the U.S. government.

"After witnessing a month of wrangling¹³ over raising the debt ceiling, they doubted our political system's ability to act," President Barack Obama said at the time.

This time, Republicans are raising the stakes — and their demands

First, many Republicans want concessions¹⁴ in the form of steep cuts in annual discretionary spending bills that cover every aspect of the federal government, except for the Defense¹⁵ Department. Rep. Mark Amodei, R-Nev., sits on the House Appropriations¹⁶ Committee, which determines that annual spending, and he points out that nonmilitary discretionary spending is a tiny fraction of what drives the debt.

"But if you want to be honest about it and you're saying the budget's a big deal, it's like, well, you got to go where the money is," he says. And that money is in entitlements that make up the nation's social safety net: Medicare, Medicaid, Social Security. If some Republicans want to try to change those, Amodei has a piece of advice for them: "Better have your helmet and your chin strap¹⁸ on."

The Republican Party does not have a successful track record when it comes to trying to change the social safety net. Former President George W. Bush tried and failed to overhaul¹⁹ Social Security for future retirees. Then-Rep. Paul Ryan's support for shifting Medicare from a guaranteed benefit to a voucher²⁰ system was a core target of Democratic attack in the 2012 presidential race, when Ryan was Mitt¹⁷ Romney's running mate. One liberal group ran a now-infamous wordless attack ad that depicted²¹ a Ryan look-alike pushing a granny off a cliff.

For deficit²² hawks²³ like Maya MacGuineas, who runs the nonpartisan Committee for a Responsible Federal Budget, a new round of debating the nation's fiscal²⁴ future is — on the one hand — quite welcome. "We are getting to the point where you just can't delay it much longer at all because both of the trust funds for those programs are heading toward insolvency²⁵ in a very short amount of time," she says.

But on the other hand, MacGuineas says, Congress should never flirt²⁶ with a debt default to try to extract those budget reforms. "There should be no discussion of defaulting, anywhere. The most important thing is we lift this debt ceiling without drama."

Leslie Dach worked in the Obama administration and now runs the liberal health care advocacy group Protect Our Care. He says Republicans are pushing for a political fight with no clear plan for a policy win, with Democrats unified²⁷ in opposition²⁸ and in control of the Senate and White House. "Lighting²⁹ the fuse and thinking that you can stomp³⁰ it down before it reaches the dynamite³¹ is not a very good strategy," he says.

McCarthy faces a delicate balancing act of assuring the public that his party will not allow a debt default, as he did again last week.

"We don't want to put any fiscal problems through our economy, and we won't," he told reporters, at the same time insisting that Republicans will cut spending. "We've got to change the way we are spending money wastefully³² in this country, and we're going to make sure that happens."

For now, McCarthy is the only leader at the negotiating table.

1 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

参考例句：

• All were busily engaged,men at their ploughs,women at their looms. 大家都很忙，男的耕田，女的织布。 来自《简明英汉词典》
• The factory has twenty-five looms. 那家工厂有25台织布机。 来自《简明英汉词典》

2 transcript   

n.抄本，誊本，副本，肄业证书

参考例句：

• A transcript of the tapes was presented as evidence in court.一份录音带的文字本作为证据被呈交法庭。
• They wouldn't let me have a transcript of the interview.他们拒绝给我一份采访的文字整理稿。

3 intensifying   

v.（使）增强， （使）加剧( intensify的现在分词 )；增辉

参考例句：

• The allies are intensifying their air campaign. 联军部队正加大他们的空战强度。 来自辞典例句
• The rest of the European powers were in a state of intensifying congestion. 其余的欧洲强国则处于越来越拥挤的状态。 来自英汉非文学 - 历史

4 leverage   

n.力量，影响；杠杆作用，杠杆的力量

参考例句：

• We'll have to use leverage to move this huge rock.我们不得不借助杠杆之力来移动这块巨石。
• He failed in the project because he could gain no leverage. 因为他没有影响力，他的计划失败了。

5 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

6 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》

7 negotiations   

协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过

参考例句：

• negotiations for a durable peace 为持久和平而进行的谈判
• Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。

8 reiterated   

反复地说，重申( reiterate的过去式和过去分词 )

参考例句：

• "Well, I want to know about it,'she reiterated. “嗯，我一定要知道你的休假日期，"她重复说。 来自英汉文学 - 嘉莉妹妹
• Some twenty-two years later President Polk reiterated and elaborated upon these principles. 大约二十二年之后，波尔克总统重申这些原则并且刻意阐释一番。

9 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

10 exhausted   

adj.极其疲惫的，精疲力尽的

参考例句：

• It was a long haul home and we arrived exhausted.搬运回家的这段路程特别长，到家时我们已筋疲力尽。
• Jenny was exhausted by the hustle of city life.珍妮被城市生活的忙乱弄得筋疲力尽。

11 unprecedented   

adj.无前例的，新奇的

参考例句：

• The air crash caused an unprecedented number of deaths.这次空难的死亡人数是空前的。
• A flood of this sort is really unprecedented.这样大的洪水真是十年九不遇。

12 roiled   

v.搅混（液体）( roil的过去式和过去分词 )；使烦恼；使不安；使生气

参考例句：

• American society is being roiled by the controversy over homosexual marriage. 当今美国社会正被有关同性恋婚姻的争论搞得不得安宁。 来自互联网
• In the past few months, instability has roiled Tibet and Tibetan-inhabited areas. 在过去的几个月里，西藏和藏人居住区不稳定。 来自互联网

13 wrangling   

v.争吵，争论，口角( wrangle的现在分词 )

参考例句：

• The two sides have spent most of their time wrangling over procedural problems. 双方大部分时间都在围绕程序问题争论不休。 来自辞典例句
• The children were wrangling (with each other) over the new toy. 孩子为新玩具（互相）争吵。 来自辞典例句

14 concessions   

n.（尤指由政府或雇主给予的）特许权( concession的名词复数 )；承认；减价；（在某地的）特许经营权

参考例句：

• The firm will be forced to make concessions if it wants to avoid a strike. 要想避免罢工，公司将不得不作出一些让步。
• The concessions did little to placate the students. 让步根本未能平息学生的愤怒。

15 defense   

n.防御，保卫；[pl.]防务工事；辩护，答辩

参考例句：

• The accused has the right to defense.被告人有权获得辩护。
• The war has impacted the area with military and defense workers.战争使那个地区挤满了军队和防御工程人员。

16 appropriations   

n.挪用（appropriation的复数形式）

参考例句：

• More commonly, funding controls are imposed in the annual appropriations process. 更普遍的作法是，拨款控制被规定在年度拨款手续中。 来自英汉非文学 - 行政法
• Should the president veto the appropriations bill, it goes back to Congress. 假如总统否决了这项拨款提案，就把它退还给国会。 来自英汉非文学 - 政府文件

17 mitt   

n.棒球手套，拳击手套，无指手套；vt.铐住，握手

参考例句：

• I gave him a baseball mitt for his birthday.为祝贺他的生日，我送给他一只棒球手套。
• Tom squeezed a mitt and a glove into the bag.汤姆把棒球手套和手套都塞进袋子里。

18 strap   

n.皮带，带子；v.用带扣住，束牢；用绷带包扎

参考例句：

• She held onto a strap to steady herself.她抓住拉手吊带以便站稳。
• The nurse will strap up your wound.护士会绑扎你的伤口。

19 overhaul   

v./n.大修，仔细检查

参考例句：

• Master Worker Wang is responsible for the overhaul of this grinder.王师傅主修这台磨床。
• It is generally appreciated that the rail network needs a complete overhaul.众所周知，铁路系统需要大检修。

20 voucher   

n.收据；传票；凭单，凭证

参考例句：

• The government should run a voucher system.政府应该施行凭证制度。
• Whenever cash is paid out,a voucher or receipt should be obtained.无论何时只要支付现金，就必须要有一张凭据或者收据。

21 depicted   

描绘，描画( depict的过去式和过去分词 )； 描述

参考例句：

• Other animals were depicted on the periphery of the group. 其他动物在群像的外围加以修饰。
• They depicted the thrilling situation to us in great detail. 他们向我们详细地描述了那激动人心的场面。

22 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。

23 hawks   

鹰( hawk的名词复数 )； 鹰派人物，主战派人物

参考例句：

• Two hawks were hover ing overhead. 两只鹰在头顶盘旋。
• Both hawks and doves have expanded their conditions for ending the war. 鹰派和鸽派都充分阐明了各自的停战条件。

24 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。

25 insolvency   

n.无力偿付，破产

参考例句：

• The company is on the verge of insolvency.该公司快要破产了。
• Normal insolvency procedures should not be applied to banks.通常的破产程序不应当适用于银行。

26 flirt   

v.调情，挑逗，调戏；n.调情者，卖俏者

参考例句：

• He used to flirt with every girl he met.过去他总是看到一个姑娘便跟她调情。
• He watched the stranger flirt with his girlfriend and got fighting mad.看着那个陌生人和他女朋友调情，他都要抓狂了。

27 unified   

(unify 的过去式和过去分词)； 统一的； 统一标准的； 一元化的

参考例句：

• The teacher unified the answer of her pupil with hers. 老师核对了学生的答案。
• The First Emperor of Qin unified China in 221 B.C. 秦始皇于公元前221年统一中国。

28 opposition   

n.反对，敌对

参考例句：

• The party leader is facing opposition in his own backyard.该党领袖在自己的党內遇到了反对。
• The police tried to break down the prisoner's opposition.警察设法制住了那个囚犯的反抗。

29 lighting   

n.照明，光线的明暗，舞台灯光

参考例句：

• The gas lamp gradually lost ground to electric lighting.煤气灯逐渐为电灯所代替。
• The lighting in that restaurant is soft and romantic.那个餐馆照明柔和而且浪漫。

30 stomp   

v.跺（脚），重踩，重踏

参考例句：

• 3.And you go to france, and you go to stomp! 你去法国，你去看跺脚舞！
• 4.How hard did she stomp? 她跺得有多狠？

31 dynamite   

n./vt.(用)炸药(爆破)

参考例句：

• The workmen detonated the dynamite.工人们把炸药引爆了。
• The philosopher was still political dynamite.那位哲学家仍旧是政治上的爆炸性人物。

32 wastefully   

浪费地，挥霍地，耗费地

参考例句：

• He soon consumed his fortune, ie spent the money wastefully. 他很快就把财产挥霍殆尽。
• Small Q is one flies upwards the bracelet youth, likes enjoying noisily, spends wastefully. 小Q则是一个飞扬跳脱的青年，爱玩爱闹，花钱大手大脚。