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See the story "Deficit Doldrums" by Brian Wingfield.
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The Churchill thesis: According to this story, dire deficit forecasts are a necessary part of the political adjustment process.
At least, that it is the story that deficit hawks such as Pete Peterson, Robert Rubin, and Laurence Kotlikoff have been telling us for decades.
But that growth difference is a very small part of the deficit story.
This part of London's story - social deficit and inequality - is too often masked amidst the evident success of a global city.
But the deficit story was allowed to run and run, and poor Miliband failed to scotch it on at least two prominent occasions.
Second, as Mr. Taylor's post stresses, labor share has been declining in countries with trade surpluses as well, like Germany and China, so a simple trade deficit story doesn't work so well in this case.
If it were Standard & Poor's or another ratings agency, would the O.E.C.D.'s view be equivalent to a downgrade of the banks of a country that through all the turns of the Greek debt and deficit story, has portrayed itself as Europe's bulwark of probity?
This disinterest was manifest in a Sunday Washington Post story about the deficit.
So in this very limited sense you could tell a burden of deficits story.
His messages are familiar: the India growth story, reducing fiscal deficits and an admission that 5 percent growth is uninteresting.
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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