It can be done – by creating money to offset the contraction of credit, recapitalising the banking system and writing off or down the accumulated debt in an orderly manner.

通过有序地创造货币抵消信贷紧缩、向银行系统注资，以及注销或减记累积债务，我们可以做到这一点。

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Others noted that financial market strains and elevated risk spreads had offset much of the effects of policy easing on the cost of credit to borrowers.

其他人认为金融市场紧张及风险的扩大抵消了放松借款人信用成本的政策作用。

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The Fed cut was intended to offset the sharp tightening in credit conditions in the past two months that threatens to plunge a weakening economy into a deep recession.

美联储减息旨在缓和近两个月信贷急剧紧缩的状况，这种形势有可能拖累日渐疲弱的美国经济陷入深度衰退。

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The mandate could be replaced with a refundable tax credit for the purchase of health insurance, though you would need significant new tax revenues to offset the cost of the credit.

FORBES: How Obamacare's Rejection Would Lead to Single Payer

But until 2005, this foreign tax credit could offset only 90% of the alternative minimum tax they owed.

FORBES: Twice As Many Rich Escape U.S. Tax

The U.S. government generally gives companies operating in foreign countries a tax credit to offset the foreign taxes paid, so the companies are not taxed twice on the same foreign income.

WSJ: Merrill Matthews: About Those Tax Breaks for Big Oil . . .