A move to curb deficits by raising taxes or cutting spending could stifle the recovery, as the Japanese did by raising the consumption tax in 1997.

通过增税或者削减(财政)支出来控制赤字可能抑制经济复苏，正像日本在1997年增加消费税一样。

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But we do need to act convincingly to curb future deficits.

但我们需要采取令人信服的行动来控制将来的赤字。

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Local property and residential taxes have been rising fast in recent years, as town halls try to curb their growing deficits.

近几年来，当地财产和居民税收不断增长，市政厅也在努力控制一直增长的赤字。

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Although credible plans to curb deficits are helpful to medium-term growth, they are unlikely to explain sudden spurts.

ECONOMIST: The world economy

First, Greece and Italy now have new technocratic governments backed by cross-party parliamentary support committed to implementing both austerity measures to curb deficits as well as growth-enhancing structural reforms.

WSJ: Heard on the Street: The Euro's Almost Happy New Year

Republican congressional leaders blame the White House for proposing the sequester in the first place, which came about in 2011 as a draconian consequence of doing nothing to curb deficits.

CNN: Suffering from sequester burnout? You're not alone