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He also pledged the next Labour government to a future of tough fiscal discipline, reducing debt and cutting deficit, with independent supervision of new fiscal rules for balancing the budget.
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Ireland, Greece and Spain are cutting deficits that last year reached, respectively, 14.3 percent, 13.6 percent and 12.2 percent.
(VoxEU Stiglitz on the dangers of cutting deficits too soon.
Ms. Lagarde said she was in favor of both cutting deficits and driving growth.
He said the next couple weeks would demonstrate whether Republicans are "serious" about cutting deficits.
In turn, cutting deficits reduces growth, as does reduced lending by banks trying to restore their balance-sheets.
The idea is that we do not have to choose between aiding growth now and cutting deficits later.
However, without a centrist Green Tea Party movement — one that brings the same passion to cutting emissions that the Tea Party brings to cutting deficits — even this effort will never pass.
The "zero deficit" policy of cutting deficits by reducing government workers' salaries and pensions has failed to improve finances or bring down interest rates.
The third quarter GDP report will surely be cited in German arguments that labor market reforms are even more important than cutting deficits.
It is also unnecessary: the media is filled with nonsense about cutting deficits and debt, and our government is also slowing growth with unnecessary budget cuts.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com