National balance sheets, damaged in "fixing" the crisis, will require either budget cuts or higher taxes that will cut into growth.

而因为”解决”危机而受到损害的国家资产负债表，要么通过削减预算，要么通过提高税赋进而削弱增长来撬动。

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Countries can reduce their national debt by narrowing the budget deficit or achieving a primary surplus (the fiscal balance minus interest payments on outstanding debt).

各国可以通过降低预算赤字或实现基本盈余（财政余额减去存量债务的利息）降低国民债务水平。

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Thus we are entertained by the spectacle of our national leaders and pundits telling us both that we must reduce deficits and balance the budget, but that such deficits are essential to economic recovery and growth, and the spending cuts necessary for such balance are at the same time contractionary.

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The balance between revising national defence and security strategy ( or lack thereof) and budget constraints will be picked over for a long time once the SDSR is published, which may be at the end of October.

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With pro-growth policies and spending discipline, we will balance the budget in 2012, keep the tax burden low, and provide for our national security.

WHITEHOUSE: Testimony of OMB Director Nussle