Anemic government spending, not profligacy, has been a major factor behind the economy’s lackluster recovery. According to a recent report by the Congressional Budget Office, large spending cuts by state and local governments – and, more recently, a significant reduction in federal spending – have contributed to the unusual and prolonged weakness of aggregate demand.
政府支出不足，而不是浪费，是经济复苏不振的主要因素。据国会预算办公室的最新报告显示，州和地方政府的大规模减支——以及最近的联邦支出大幅削减——是总需求反常的长期不振的原因。