During the last two years, Washington has been obsessed with the need to cut the deficit and put the debt/GDP ratio on a “sustainable” path, even as global investors have flocked to US government debt, driving interest rates to historic lows. The considerable progress that has been made on deficit reduction over the next ten years has been overlooked.
Durante los últimos dos años, Washington ha estado obsesionado con la necesidad de recortar el déficit y poner el ratio deuda/PBI en un sendero "sostenible", a pesar de que los inversores globales se han inclinado masivamente por la deuda gubernamental de Estados Unidos, lo que llevó las tasas de interés a bajas históricas.