But if the government starts reducing its own deficit before private-sector spending recovers, the net result will be a further decline in total spending, and hence in total income, causing the government’s deficit to widen, rather than narrow. True, if governments stop spending altogether, deficits will eventually fall to zero.
但如果政府在私人部门支出复苏之前就开始削减其赤字，那么净结果将是总支出的进一步下降，总收入也将随之下降，导致政府赤字恶化而不是改善。诚然，如果政府停止所有支出，那么赤字将最终减少到零。在此期间，人们会饥寒交迫，但预算将实现平衡。