There are two ways of cutting a deficit: raising taxes or reducing spending.
削减赤字有两种途径：增加税收或者减少开支。
"If there was any risk of not meeting the target, then we would do it by reducing spending, not by increasing taxes," he vows.
他发誓说：“如果有任何达不到目标的风险，届时我们将会通过减少开支，而不是增加各种税收来解决问题。”
Austerity enthusiasts often cite the Canadian experience of the mid-1990s when the deficit was cut by reducing spending by around six to seven dollars for every dollar raised in additional taxes*.
支持节流者经常引用1990年代中期加拿大的经历，当时对降低赤字来说，每削减6-7加元的支出就相当于多征了额外的1加元税。
For the Tories, it offers a way to discuss reducing spending without sounding as if they are merely the mouthpiece of the wealthy.
对于保守党而言，它可以让人们就削减财政支出展开讨论，而不会让人觉得自己无非是有钱人的传声筒而已。
"If there was any risk of not meeting the target, then we would do it by reducing spending, not by increasing taxes, " he vows.
他发誓说：“如果有任何达不到目标的风险，届时我们将会通过减少开支，而不是增加各种税收来解决问题。”
In the macroeconomy more generally, by reducing spending and economic activity, tighter money raises the risks of unemployment or bankruptcy faced by individual households or firms.
在更广泛的宏观经济中，通过削减开支、减少经济活动，银根的进一步紧缩将会增加个人失业和公司破产的风险。
Reducing spending too deeply and too swiftly, or raising taxes too fast, would risk tipping an already fragile economy into a deeper hole;
削减开支幅度过大和过快，或是征税过快，可能有把本来已经脆弱的经济推向更深渊的风险；
Reducing spending too deeply and too swiftly, or raising taxes too fast, would risk tipping an already fragile economy into a deeper hole;
削减开支幅度过大和过快，或是征税过快，可能有把本来已经脆弱的经济推向更深渊的风险；
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