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1、ApresidentialpanelchargedwithfindingwaystopulltheU.S.outofitsspiralingdebtiscallingforsweepingchangesthatwouldimpactallAmericansforgenerationstocome.TheNationalCommissiononFiscalResponsibilityandReformrecommendsraisingtheretirementageandeliminatingcostlytaxbreaksa
2、spartofalargerplantoreducethenation'smushroomingdebt.Thecommission'sleaderssayfailuretoactcouldhavegraveconsequencesfortheU.S.-butevenpanel'smembersaredividedonwhetherthestepsgotoofarornotfarenough.ThefinancialturmoilhappeninginEuropecouldbefalltheUnitedStatesifAm
3、ericansdon'tactnow.That'sthewarningfromtopleadersofaspecialcommissionchargedwithfindingwaystoreininthenation'sdebt,nowestimatedatnearly$14trillion.
FormerRepublicanSenatorandco-chairAlanSimpson:"Wehaveseenthefigures,andwedon'tknowalotaboutGreeceandIrelandandSpaina
4、ndPortugalandItaly,butwedoknowsomething,thatifyoustaythisway,somethingbadwillhappen,"hesaid.Thepanel'sreport-subtitled,TheMomentofTruth-proposescuttingdefensespendingby$100billionandclosingone-thirdofU.S.militarybasesabroad.Itwouldalsodoublethefederaltaxongasoline
5、,reducemedicarepaymentstoseniorsandraisetheretirementageforSocialSecurity.Ifimplemented,theplanwouldcuttheU.S.deficitbynearly$4trillionandstabilizethedebtby2014.ButDemocraticRepresentativeJanSchakowskyplanstovoteagainsttherecommendations.Hesaystheausteritymeasures
6、willhurtlowincomeearnersthemost."Wetalkaboutsharedsacrifice,Ithinkthesenumbersindicatethatsacrificeinfacthasnotbeenshared,"saidSchakowsky."Thatsomepeoplehavelostandothershavesignificantlygainedoverthelastseveralyears,sowe'renotstartingatthesamepoint."Theplanrequir
7、estheapprovalofatleast14ofthepanel's18memberstobringitupforavoteinCongress.ButformerSenatorErskineBowles,theDemocraticco-chair,hasalreadydeclaredvictory.Hesaysthepanelhassucceededinstartingan"adultconversation"onaproblemthat'stoobigtoignore."Allwehavetodoislookatw
8、hat'shappeningtotheothercountries,"hesaid."We'renotunique.Ifwedon'taddressthis,wefacethemostpredictableeconomiccrisisinhistory.Sowecaneitherwake-upandsm
