Calomiris: There is only one fiscal problem, and it is long-term.
卡罗·瑞斯：只有一个财政为题，它是长期的。
Many claim that fiscal austerity could even boost growth in the short term.
许多人主张，财政上的节俭甚至能在短期内推动经济增长。
The long-term fiscal crisis won’t be addressed soon either.
长期的财政危机也不会得到快速解决。
But I know that solving the long-term fiscal problem won't be easy.
但是我知道解决长期的财政问题并不容易。
Meanwhile, the threat to America's long-term fiscal health is growing.
与此同时，美国的长期财政医疗方案面临的压力越来越大。
But no rich country has laid out a credible, medium-term fiscal plan.
但富裕国家无一提出可靠的中期财政计划。
The arguments for a dramatic short-term fiscal contraction, however, are weak.
然而，支持实行大规模短期财政紧缩的理由经不住推敲。
The point is, the medium-term fiscal problem is fundamentally different from the long-term fiscal problem.
关键是，中期财政问题与长期财政问题有本质的不同。
We actually have two fiscal challenges in this country - one short term, one long.
事实上在个国家我们存在两个财政问题—一个短期的，一个长期的。
We actually have two fiscal challenges in this country - one short term, one long.
事实上在个国家我们存在两个财政问题—一个短期的，一个长期的。
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