Then during 2013, Congress should specify a decade-long programme to stabilise and then reduce the debt-to-GDP ratio, without hurting growth. That programme should include entitlement reform and fund phased reductions of marginal tax rates by further reducing allowances. Once such a programme is passed, talk of “unsustainable deficits should cease, confidence rise, and the US move back to stable, non-inflationary growth of 3 to 3.5 per cent.
2013年内,美国国会应当拿出一份具体的十年方案,以便在不损害增长的情况下,稳定、进而降低政府债务对GDP的比例。该计划中应当包含福利改革,也应通过进一步调低累退税额度弥补边际税率的分段调低造成的收入减少。一旦这样一个方案获得通过,赤字“不可持续论应该就会销声匿迹,信心就会回升,然后美国经济将重新企稳,实现3%至3.5%的无通胀增长。
The writer is a resident scholar at the American Enterprise Institute
本文作者为美国企业研究所(American Enterprise Institute)驻院学者
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