Such fiscal adjustment may be necessary to ensure medium-term debt sustainability, but its immediate effect would lead to a reduction in private and public aggregate demand.

为了保持债务的中期可持续性，这些财政调节措施或许是必要的，但其短期效应将导致私人和公共部门总体需求的减少。

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As a consequence, technically, seniors were not eligible for a Cost of Living Adjustment, to have it go up because prices did not go up in the aggregate.

WHITEHOUSE: "White House to Main Street" Town Hall: Elyria, OH