US Senate Approves Debt Ceiling B
时间：2011-08-03 07:25:49
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After months of partisan1 gridlock, both houses of the U.S. Congress have approved a bill to raise the federal borrowing limit and cut government spending. Tuesday’s 74 - 26 Senate vote came one day after the bill passed in the House of Representatives. The bill goes to the White House to be signed into law by President Barack Obama, on the very day the U.S. government’s ability to cover its obligations was to expire.
Discontent
Rarely is legislation
decried7 by supporters and opponents alike. Consider this comment by Democratic Senator Tom Udall of New Mexico, who voted for the bill:
“This deal
stinks8. And it stinks to high heaven,” Udall said.
Democrats blasted the bill for
imposing9 deep spending cuts that could harm the poor and vulnerable without collecting any additional revenue from the
affluent10. Senator Carl Levin of Michigan said the bill’s only merit is that it
averts11, for now, the specter of default and financial
calamity12.
“The choice here is between a faulty piece of legislation, on the one hand, and severe damage to our economy and even-greater joblessness, on the other,” Levin said.
Many Republicans were equally critical, complaining that less than $3 trillion in budget
savings13 over ten years is wholly
inadequate14 for a nation facing a $14.3 trillion national debt.
“This so-called solution does not fundamentally change our spending and debt picture," said Senator David Vitter of Louisiana. "It just plays around the
margins15. It does not make any big change
whatsoever16.”
The best other Republicans could say is that the bill constitutes the initial round of a long fight to improve America’s finances. Senator Lamar Alexander of Tennessee put it this way:
“Today’s vote is an opportunity to take an important step in the right direction. We should take it, and then get ready to find ways to take the next step, and the next step, and the next," he said.
The bill
The bill
mandates17 two rounds of federal spending cuts while providing a means to extend the federal borrowing limit through the end of next year. While satisfying Republican demands for no tax increases, it also
specifies18 no cuts to
costly19 programs championed by Democrats that provide income and health care for retirees.
Polls showed the American public angry and
disillusioned20 by the
partisanship21 and gridlock that consumed Washington for months before the eleventh-hour deal was struck.
What do people think?
On vacation in Washington, New Orleans city planner Nathan Schreuer was visiting the Capitol as lawmakers prepared to vote. Asked if his faith in America’s democratic process has been shaken by Washington’s political
paralysis22 of recent months, Schreuer shook his head.
“No, I would say strengthened. I appreciate the fact that we continue to come together with different opinions and find solutions," Schreuer said. "It can always be done better. Democracy is far from perfect. It is a little
sloppy23.”
Nearby, a group of tourists from China was peering up at the Capitol’s
majestic24 rotunda25 dome26. One man, who declined to be identified, said
creditor27 nations like China want to see America’s
fiscal28 imbalances improve.
“I think this is correct. They [the United States] should save the money, instead of the [Afghan/Iraq] war. They should save the budget, to do education and business instead of other things,” the tourist said.
A woman in the group added that, by making sacrifices now, the United States can assure a better future.
“To suffer a little bit, but things are going to be better. I still think it [the United States] is a strong country,” she said.
Many U.S. lawmakers say preserving that strength during a time of fiscal austerity will be a primary challenge of the years to come.
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