首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
Leading up to the debt-ceiling deadline, everyone was talking about how the stock market would crater if Washington didn’t reach
Leading up to the debt-ceiling deadline, everyone was talking about how the stock market would crater if Washington didn’t reach
admin
2015-03-25
27
问题
Leading up to the debt-ceiling deadline, everyone was talking about how the stock market would crater if Washington didn’t reach a deal. In fact, the opposite has happened. Just when it became clear last week that Washington was moving closer to a deal is exactly when Wall Street started to stumble. And now that we have a deal, the falls have been getting worse. The Dow Jones industrial average plunged more than 500 points Thursday. Overall, the market has fallen 9 out of the last 10 trading days, one of the worst stretches of down days in recent years.
In the Aug. 15th issue of TIME,columnist Rana Foroohar argues that the debt deal will increase the level of inequality in the US. A cut in spending, be it from consumers or the government, during a recession is sure to cost the economy jobs. Still, the direct drag from the debt deal on the economy is unlikely to be that big, mostly because the $2.1 trillion in cuts over the next decade won’t really kick in for a few years. Thomas Lam, chief economist at Singapore-based financial firm OSK/DMG, calculates that the drag on the economy will lower economic growth by only 0.3 percentage points in each of the next two years, which is something but not disastrous. So why is Wall Street reacting so badly in the wake of the deal?
Because the big impact of the deal may not be the direct drag of a decrease in spending. At times in the debt-deal negotiations, it looked like we might get either an increase in taxes for the wealthiest Americans, an increase in unemployment benefits or both. In the end, we didn’t get any of those things. Nor did we get a reduction in entitlement programs that benefit everyone. Instead, what was cut was largely discretionary funds, a large portion of which go to programs that help the poor.
That’s why Foroohar says the deal will probably exacerbate income inequality in the US. And income inequality is one of the main factors that caused the financial crisis. But that’s not the only way that inequality is haunting this economy. Inequality is probably slowing the recovery as well. So far most of the gains of the recovery have gone to wealthy Americans. Luxury spending is up. So that helps.
The debt deal seems to make clear that Washington, at least for now, has no plans to deal with the income gap. Our best hope to boost the economy is for some deal to lower taxes, either for corporations or for middle-class Americans. But because there was no deal on raising taxes on the wealthy, it is likely that Obama and the rest of the Democrats will hold the line on the Bush tax cuts and let them expire completely. So taxes for everyone are going up. And that could be another drag on the economy. So why was the stock market down on Thursday? Why wouldn’t it be?
The author seems disappointed to the debt-deal negotiations since they
选项
A、made the rich suffer from funds cutting.
B、caused an increase in unemployment rate.
C、led to a decrease in the funds for the poor.
D、benefited only those who need help most.
答案
C
解析
事实细节题。根据题干关键词the debt-deal negotiations定位到第三段。由该段最后一句可知,债务协商的结果是大部分的自由资金被削减,其中相当一部分是用于帮助穷人的项目。[C]“导致用于穷人的资金减少”与原文意思相符,故为答案。而[D]“使最需要帮助的人受益”显然与原文不符;根据第二句可知,作者认为在债务问题协商期间,政府有若干次机会似乎能够向最富有的美国人征收更多的税,增加失业救济,或者两者兼有。可到头来,他们什么也没做成,显然,[A]“使富人遭受资金短缺”与原文不符;[B]“造成失业率上升”,也与原文不符,故排除。
转载请注明原文地址:https://kaotiyun.com/show/ZU74777K
0
考研英语一
相关试题推荐
Carmakershavelongusedsextoselltheirproducts.Recently,however,bothBMWandRenaulthavebasedtheirlatestEuropeanm
ShortlyafterSeptember11th,PresidentBush’sfatherobservedthatjustasPearlHarborawakenedthiscountryfromthenotiont
IncontrasttoBritain,FranceisfundingtheirmedicalcareConcerninghealth-caresystemsinBritain,theauthorislikelyto
Theauthor’spurposeinwritingthispassageis______.Accordingtotheauthor,theviewsheldbytraditionalorthodoxCatholi
Americanstodaybelievethatacceptablesocialbehaviorfollowseffortlesslyfrompersonalvirtue.The(1)_____betweenmoralsa
Themassmediaisabigpartofourculture,yetitcanalsobeahelper,adviserandteachertoouryounggeneration.Themass
Thereisnothinglikethejoyoffindingoutthatsomethingsinfulisactuallygoodforyou,whetherit’ssex,chocolateoragl
AdamSmith,free-marketpartisan:thisimagedominates,eveninmarket-wearytimes.Politiciansinvokehimasanear-deity.Thin
(46)Thejobofraisingchildrenisatoughone.Childrendon’tcomewithaninstructionmanual.Andeachchildisdifferent.So
随机试题
劳动合同变更,应当采用()
用甲苯、甲醛和甲酸酯合成:
手少阳三焦经的合穴是( )
在需求恶性膨胀,经济过热时,应实行()。
关于企业与政府发生交易所取得的收益,在采用总额法核算政府补助的情况下,下列会计处理中正确的有()。
一、注意事项1.本试卷由给定资料与作答要求两部分构成。考试时限为150分钟。其中,阅读给定资料参考时限为40分钟,作答参考时限为110分钟。2.请在答题卡上指定位置填写自己的姓名、报考部门,用2B铅笔填涂准考证号。考生须用黑色签字笔或钢
资料1在祖国的山山水水间,有这么一群人,他们或俯首案前,呕心沥血研究民间文化;或献身舞台,孜孜以求编演老百姓喜闻乐见的精彩节目;或走村串寨,把精神文化食粮播撒在田间地头……他们有一个共同的名字——“基层文化人”。2017年1月9日晚,“最美
安居工程
(2002年试题,二)设y=y(x)是二阶常系数微分方程yn+py’+qy=e3x满足初始条件y(0)=y’(0)=0的特解,则当x→0时,函数的极限().
______操作需要特权指令执行。A.读取当前时钟B.消除一块内存C.关闭中断D.从用户态切换到管态
最新回复
(
0
)