>The U.S. debt limit alert was lifted, and the international status was hit hard
The U.S. debt limit alert was lifted, and the international status was hit hard. The U.S. debt limit crisis should be lifted after the two parties reach an agreement, but many comments believe that the White House and congressional leaders are losers...
The U.S. debt limit alert has been lifted and its international status has been severely damaged. The U.S. debt limit crisis should be lifted after the two parties reach an agreement. However, many commentators believe that the White House and congressional leaders are losers, and the real winners are the "Tea Party" conservative members of the House of Representatives. At the same time, this crisis has severely damaged the United States' international status, and the United States' economic and military advantages in the world may be further weakened. In response to the international perception of this crisis, the New York Times commented that the political paralysis in the United States is catching up with Japan, and the outside world has become more skeptical about whether the United States is still a safe haven for the global economy, or whether it can lead the world out of the financial crisis and economic recession. President Obama's global reputation has been impacted by this crisis. Other countries have questioned whether the "Obama era" has turned into an "austerity era." Many people also question whether the United States is still willing to make the necessary investments to maintain its dominant position in the global economy and military. Many American media pointed out that the solution passed by the Senate represented Obama's abandonment of his original insistence on tax increases, and that the White House was defeated by the Tea Party who insisted on cutting government budgets. The so-called Tea Party is actually mostly Republican conservatives. After this battle, all parties expect that their voices will be louder in the future. The New York Times said that this plan can avoid a serious default event by the end of next year, but other than that, the entire plan is almost the product of the Obama administration's surrender under the threat of Republican "extremists". It will not only reduce the benefits of the middle class and poor families, but also hinder economic recovery. The debt limit package only contains the Republican proposals for spending cuts, but does not include the increased government revenue and balanced budget required by the Democratic Party. It is bound to disappoint Democratic liberals. However, the Washington Post analyzed that for Obama, an unfavorable agreement may be a favorable strategy. The Post said that not raising taxes may be in Obama's calculations because when he seeks re-election next year, in addition to Democratic supporters, he also needs middle voters, and most voters are opposed to tax increases. Moreover, for the White House, nothing is more important than avoiding a default on the national debt, which would seriously harm the U.S. economy and make voters even more disappointed with Obama's leadership.
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