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In theory, the deficit should be self-righting.
So the deficit should be scaled down by that much.
This deficit should be something equal to the rate of growth in the economy.
Debt will be falling and structural current deficit should be balanced by 2014.
Since then, Miliband has suggested that more of the deficit should be tackled through tax rises.
Republicans insist that the deficit should be reduced without raising taxes.
On this basis, the trade deficit should be something to brag about rather than denounce.
He also said the deficit should be cut only by reducing spending, without any tax increases.
Today, its trustees are battling with its private-equity acquirers over how its £300m pension deficit should be filled.
Neither Balls nor Cooper has set out precisely how much more slowly the deficit should be cut.
Both agree that the deficit should be eliminated by 2017-18, but Alexander says that public spending should then rise in line with economic growth.
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