But we will avert a potentially devastating credit crisis, increase national savings, drive productivity and wage growth, and enhance our international competitiveness.

但我们必须转化潜在的破坏性信贷危机，增加国民储蓄，提高生产率和增加工资收入，并加强我国的国际竞争力。

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This will accelerate the paying-down of the national debt, increase national savings, make the transitional costs of reforming pensions easier to finance but also encourage the sense that entitlements should be financed, rather than reformed or cut.

ECONOMIST: Budget making