To hear US President Barack Obama tell it this week, the budget sequestration – the automatic spending cuts that are due to commence tomorrow – will decimate the government. Each party is blaming the other, as if something new and unexpected was about to begin. Many of the cuts are indeed ill-advised – but the fact is that from the start of his presidency Mr Obama has planned a steep reduction in discretionary spending as a share of national income.
美國總統巴拉克•歐巴馬(Barack Obama)最近表示，預算「自動減支」（即從3月1日開始自動生效的支出削減法案）將會對政府造成巨大沖擊。兩黨互相攻訐，暗示著將會發生一些新的和預料之外的事。很多削減確實有欠考慮，但事實上，歐巴馬自上任以來就計劃大幅削減可自由支配支出佔國民收入的比重。
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