From the frenzied political battle and clashes of opinion of recent weeks, an observer might conclude the US faces fiscal catastrophe. It does not. The fiscal position has improved dramatically and poses no medium-term risks. The only fiscal crisis the US faces is one inflicted by a purported desire to avert one. The real issue is: what government Americans want and how they choose to pay for it.
看到最近幾周狂熱的政治鬥爭和立場衝突，觀察者可能會得出美國面臨財政災難的結論。但實情並非如此。美國財政狀況已明顯改善，從中期來看不會引發任何危機。美國面臨的唯一財政危機，就是在應對危機過程中「光打雷不下雨」的做派。真正的問題是：美國人想要什麼樣的政府？他們又將如何支持政府財政？
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