The budget of the political deadlock is slowing U.S. economy - rather than any hesitation in American.
Reach a consensus ap's latest economic survey in Washington's budget impasse trigger automatic cut costs, in the economy as a whole.
Many economists believe that consumer spending slowdown in response to higher tax burden, but will rebound later this year. On the contrary, they worry, fighting in Washington's budget will insist on 2013 most of the time, and drag the economic growth.
23 to respond to survey last week 37 economists say, in the economic slowdown, paralysis in Washington is an important factor. The one of the biggest factors, citing, in turn, is: too little job growth, the government's excessive supervision and tax, stagnant wages and cautious bank loans. Only eight said they worry that consumers save more cost less.
From this year's economic growth budget impasse, up $85 billion in spending cuts, since Friday will shave estimate of 0.5%.
Other key after the time limit, many governments will be closed on March 27, no new legislative authorization spending. In addition, congress must agree to improve the government's borrowing limit in 5 months or government debt default risk.
Meeting the deadline to complete the task, may involve more cut spending or to increase taxes. Both economic growth to slow further.
Economists view, budget paralysis hurt economic at least in two aspects: weaken consumer and business confidence, it can reduce spending and investment. It will trigger the government spending cuts, kick the bucket
These to reduce family pay year January 1st, caused by the social security tax increase, most of the workers in the above.
Business "is no one wants to hire or know of the uncertainty of the plant and equipment investment," said song won sun, in California state university Channel Islands (Channel Islands) professor of economics. "Careful thing is postponed."
AP investigation and collection of personal, business and academic economists a range of issues opinion. In their view:
- the economy will grow 2.2% this year, about matching with an average annual growth rate since June 2009 since the end of a recession, gentle pace. In a typical economy, this growth will not be a problem. But it did not get enough to repair damaged in the depression. Faster growth of 4% to 5% of the annual growth rate - will need to quickly reduce the unemployment rate is 7.9%, which is still a high pain.
- economic growth should be increased in 2.9% in 2014, economists expected. This will be the fastest, because the recession ended a whole year, roughly matched a recession in the first five years of average level. However, economists expect the unemployment rate to 6.3% in the past three years, from now until the end of 2015. In a normal economy, the unemployment rate lower than 6%.
- just more than half of the people think that Europe's economic recession will in the end of this year. This could help us exporters. Economic recession since the middle of 2012 has been in use euro 17 countries. But there have been some encouraging signs: this month, Germany larger than expected budget surpluses. German business confidence index in February for the fourth consecutive month rise.
- nearly half of the people think that used to live housing sales in next returned to normal level. More than 6 years after the real estate bubble burst, residential real estate rebound finally. In 2012, sales reached 470 million. It is still far below 5.5 million, annual sales think is healthy. But 17 economists think sales returns, in the level of 2014. Ten people think it will happen in 2015.
- although economists favor, almost all like this, in the long run, rather than immediately reduce the government's budget deficit.
In Washington the budget battle is one of the consequences, between the White House and congress of trade, make social security tax cut on January 1, due. This increases tax cost about $1000 a typical family income of $50000. Last month, retail sales growth results. Some large retailers such as wal-mart, accusing the increase of the social security tax for deep prospects in future months of sales.
However, when asked about the biggest reason choice, economy is growing rapidly, barely one 5 of the economists cited consumers reluctant to spend money.
Why the lack of attention?
Many economists think that, from a higher social security tax damage is temporary. Most people believe that consumer spending will slow, in the first three months of this year, and then picked up, the company work. Some employers even willing to pay more stagnation, because the recession ended, hourly wages is growing at a faster rate than inflation over the past three months.
Also have analysts generally believe that consumer financial situation has been restored, many real estate foam excessive accumulation of debt, buy a bigger house than they can afford. As americans to repay the debt, they spend less.



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