Under a sovereign CDS, a claim depends on a "credit event", which is defined broadly as a failure to pay interest, a moratorium on principal repayments or a restructuring of the debt.

在主权信用违约掉期中，赔偿费取决于“信用事件”，这明显比不能支付利息，拖延支付本金或是债务重组要广义得多。

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Today, advocates of big spending cuts often claim that their greatest concern is the burden of debt our children will face.

今天，主张大幅削减开支的人时常宣称，他们最关心的就是我们孩子即将面临的债务负担。

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An unsecured bond whose holder has the claim of a general creditor on all assets of the issuer not pledged specifically to secure other debt.

是一种未经担保的债券，它的持有人对发行人未抵押给其它债务的所有财产具有一般债权人的要求权。

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If we are all as concerned as we claim to be about the staggering amount of debt our country has run up, we all need to get real about numbers and words, acknowledge that we have choices, and quit playing politics with our future prosperity.

FORBES: The Real Story Behind Obama's Proposed Social Security 'Cuts'

McKinsey makes the striking claim that "the ratio of UK household debt to disposable income would not return to its pre-bubble trend for up to a decade" - which implies that as we in the UK look for a return to more normal levels of economic growth, momentum is not going to be provided by consumer spending for perhaps up to 10 years.

BBC: US ahead of UK on road to reducing debts

Obama and Ryan both claim their budgets would slow the growth of the federal debt over time.

WSJ: Obama Blasts GOP Budget as 'Trojan Horse'