The basic conclusion is as follows: it is fiscal revenue and expenditure of central government but not GDP that are the main factors that affect the issuing scale of national debt.

得出的基本结论为：中央财政收支而非gdp是影响国债发行规模的主要因素。

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But for Ricardian equivalence to work, individual consumers, who generally prefer watching TV talent contests to genning up on financial news, must not only be aware of the scale of government debt but must also decide to put off buying Nintendo Wiis because of expectations of tax rises.

ECONOMIST: The dilemmas facing policymakers