VOA常速英语听力2012年07月合辑（文本）：POLITICAL-BICKERING-THREATENS-US-ECONOMY-AGAIN.doc

1、A year ago, many Americans were appalled when partisan bickering between opposition Republicans and President Barack Obamas Democratic Party pushed the nation to the brink of default on its massive debts. The political gridlock prompted a downgrade of the U.S. credit rating.The country now faces eve

2、n greater financial problems in the midst of a hyper-partisan atmosphere as Novembers presidential election approaches.During the debt ceiling debate, a popular newspaper portrayed leading politicians from the two parties as whining brats in diapers.Washington was nearly paralyzed by bickering as it

3、 tried to make tough political and financial decisions.The squabbling prompted Standard & Poors to make an unprecedented cut in the U.S. credit rating.“There had been significant deterioration recently on both the political and fiscal front - on the fiscal front, in terms of the government indebtedn

4、ess as a share of the economy, and on the political side in terms of the willingness to arrest that deterioration,” said Nikola Swann, a key S&P analyst.Economists say the polarization inherent to this years election campaigns could make Washingtons dysfunctional politics even worse.Last years congr

5、essional debate focused on efforts to raise the legal limit on what the U.S. government can borrow to fund its deficits and debt.The squabbling worried some investors even when It ended with a deal that put off some tough political and financial decisions.So Congress has to deal with the debt ceilin

6、g again and also agree on what to do about tax cuts set to expire at the end of this year.Without a deal, the government faces drastic spending cuts that will hit both the military and popular social programs.U.S. central bank Chairman Ben Bernanke says that could push the nation back into recession

7、.“If the full range of tax increases and spending cuts were allowed to take effect, a scenario widely referred to as the fiscal cliff, a shallow recession would occur early next year and about 1-1/4 million fewer jobs would be created in 2013,” Bernanke said.Brookings Institution economic scholar Ph

8、illip Wallach says he expects that Democrats and Republicans in Congress will work something out, eventually.“The Republican leadership compromised just enough to make sure they got a deal done at the last minute, and if you were willing to make a wager you would probably say thats what will happen again the next time around because they dont want to be responsible for plunging the economy into chaos,” Wallach said.So Congress and the President have just a few months to finish the difficult task of reaching agreement on spending and taxes in ways that do not damage the economy.