In crisis, the language of equal rights and anti-discrimination became that of utilitarianism and prioritisation.

在危机中，平权和反歧视的语言变成了功利主义和优先权的语言。

What's more, prioritisation would rely on the continued success of regular auctions to replace maturing Treasury bonds.

更重要的是，优先次序将取决于定期拍卖的持续成功，以取代到期的国债。

This would leave America with a messier, more painful workaround: the prioritisation of payments.

这会给美国留下一个更混乱、更痛苦的解决方法：付款的优先顺序。

Known as payment prioritisation, this would stave off a default by paying interest on bonds and cutting back even more from other obligations.

被称为优先支付，这将通过支付债券利息和削减更多其他债务来避免违约。

If the government were to aim for one additional layer of prioritisation—making social-security payments to pensioners, plus covering interest on bonds—it would have to cut other expenditures by about one-third.

如果政府的目标是增加一层优先事项——向养老金领取者支付社会保障金，并支付债券利息——它就必须将其他支出削减约三分之一。

" A few days of prioritisation may be what is needed to get both sides to blink, " says Daleep Singh, a former economic adviser to the Biden administration.

拜登政府前经济顾问达利普辛格说：“几天的优先次序可能是让双方都眨眼所需要的。”

This would require dealers to show up as frequently as four times a week to Treasury auctions, sometimes with billions of dollars on the line, and to play their part in the prioritisation tap-dance.

这将要求交易商每周出现四次国债拍卖，有时涉及数十亿美元，并在确定优先次序的踢踏舞中发挥作用。

Officials at the Fed and the Treasury have already begun to plan for prioritisation, having drafted a blueprint during the debt-ceiling crisis in 2011. Even so, Treasury officials privately admit they are not confident prioritisation would function as intended.

美联储和财政部的官员已经开始计划优先次序，在 2011 年债务上限危机期间起草了一份蓝图。 即便如此，财政部官员私下承认他们不相信优先次序会按预期发挥作用。