It taxes too much, it spends too much, it borrows too much.

征税太多、开支太多，借贷太多。

youdao

"This budget taxes too much, spends too much, borrows too much," he said. "It is, in fact, a repudiation of the very goals he has established."

他说：“这个预算方案征税太多，开销太大，借债过高。”实际上，这个预算方案抛弃了他竞。

youdao

It taxes too much,it spends too much,it borrows too much.

VOA: standard.2009.03.15

In other words it will encourage banks to lend to the government, which already borrows too much, and not lend to private borrowers, whose activity could actually benefit the economy.

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