The Federal government has assumed trillions of dollars of liabilities and risks. In rescuing the financial system, no less than in fiscal policy, we need to worry about the “bang for the buck.” Otherwise, the deficit – which has doubled in eight years – will soar even more.
联邦政府已经承担了价值数万亿美元的债务和风险。在我们为拯救金融系统所花的钱并不亚于在财政政策上的支出时，我们应该担心的是钱是不是用在了刀刃上。否则，在过去八年已经翻倍的赤字将会急剧上升。