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HECTOR L. (United States of America)
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Full list of words from this list:

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  1. bloodletting
    formerly used as a treatment to reduce excess blood
    In reality, of course, all their bloodletting did was make the patient weaker, and more likely to succumb.
  2. bottleneck
    the narrow part of a bottle near the top
    What this means is that if and when a real recovery finally gets going, the economy will run into capacity constraints and production bottlenecks much sooner than it should.
  3. fade out
    become weaker
    In the United States, the modest federal stimulus of 2009 has faded out, while state and local governments have slashed their budgets, so that over all we’ve had a de facto move toward austerity not so different from Europe’s.
  4. counterproductive
    tending to hinder the achievement of a goal
    In fact, when you combine the growing evidence that fiscal austerity is reducing our future prospects with the very low interest rates on U.S. government debt, it’s hard to avoid a startling conclusion: budget austerity may well be counterproductive
  5. disastrously
    in a disastrous manner
    And growth seems to be stalling, while unemployment remains disastrously high on both sides of the Atlantic.
  6. schoolteacher
    a teacher in a school below the college level
    Somehow, laying off hundreds of thousands of schoolteachers doesn’t seem like a good way to win the future.
  7. de facto
    existing, whether with lawful authority or not
    In the United States, the modest federal stimulus of 2009 has faded out, while state and local governments have slashed their budgets, so that over all we’ve had a de facto move toward austerity not so different from Europe’s.
  8. aggressively
    in a forceful or hostile manner
    For the time being we need more, not less, government spending, supported by aggressively expansionary policies from the Federal Reserve and its counterparts abroad.
  9. constraint
    the state of being physically limited
    What this means is that if and when a real recovery finally gets going, the economy will run into capacity constraints and production bottlenecks much sooner than it should.
  10. cut in
    break into a conversation
    Similar cuts in capacity will probably take place in the service sector — indeed, they may already be taking place.
  11. persistently
    in a persistent manner
    But faced with a persistently weak economy, industry has been reducing, not increasing, its productive capacity.
  12. inflict
    impose something unpleasant
    And economic bloodletting isn’t just inflicting vast pain; it’s starting to undermine our long-run growth prospects.
  13. laying
    the production of eggs (especially in birds)
    Somehow, laying off hundreds of thousands of schoolteachers doesn’t seem like a good way to win the future.
  14. even as
    at the same time as
    In Europe, troubled nations like Greece and Ireland have imposed savage cuts, even as stronger nations have imposed milder austerity programs of their own.
  15. conclusion
    a position or opinion reached after consideration
    In fact, when you combine the growing evidence that fiscal austerity is reducing our future prospects with the very low interest rates on U.S. government debt, it’s hard to avoid a startling conclusion: budget austerity may well be counterproductive even from a purely fiscal point of view, because lower future growth means lower tax receipts.
  16. succumb
    give in, as to overwhelming force, influence, or pressure
Created on Mon Sep 19 11:07:57 EDT 2011 (updated Tue Sep 20 00:51:01 EDT 2011)

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