Sapienza

Northwestern University economics professor Paola Sapienza says any savings from budget cuts could become irrelevant, if the U. s.defaults on its debt, or receives a credit rating downgrade.

西北大学经济学教授paola sapienza表示，如果美国拖欠债务，或者债务信誉等级降低，任何预算削减都是不可能的。

Northwestern University Economics Professor Paola Sapienza says any savings from budget cuts could become irrelevant, if the U.S. defaults on its debt, or receives a credit rating downgrade.

西北大学的经济学教授保拉·萨皮恩扎（Paola Sapienza）表示，如果美国发生债务违约或者信用评级被下调，美国通过削减预算省下来的钱都会失去意义。

According to Paola Sapienza, a professor of finance at Northwestern University in Illinois who is one of the paper's authors, that is just what has happened.

根据伊利诺伊州西北大学金融学教授，该篇论文作者之一，Paola Sapienza所说，这正是曾经所发生的一切的根源。