Second, deliberately cutting the deficit is not the best way for a government to balance its books. Deficit reduction in a depressed economy is the road not to recovery, but to contraction, because it means cutting the national income on which the government’s revenues depend.
其次，刻意削减赤字并不是政府平衡预算的最佳方式。在经济萧条时削减赤字绝非复苏之路，反之，恰恰是收缩之路，因为这意味着连同政府收入所依赖的国民收入一起削减了。这会让赤字削减变得更困难而不是更容易。英国政府于2010年6月宣布赤字削减计划，但现在，它所必须借入的资金规模比计划中多了1120亿英镑。