来自《耶鲁大学开放课程：金融市场 第26集 第26集》

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  some effort to reduce the pro-cyclicality of the state and local sector,
  做出一些努力来减少国家和本地部门的循环
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  which because of balanced budgets
  因为平衡的预算和更少的税收
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  and less tax collections, spending of all kinds is being cut back.
  和各种开销将被削减
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  I say "almost certainly" because
  我刚刚说几乎是肯定的是因为
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  there is a bit of a problem in the history of
  在美国的财政联邦制的历史上
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  fiscal federalism in the United States in that whenever times are good,
  存在一些问题 就是每当经济繁荣的时候
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  governors cut taxes and whenever times are bad,
  政府官员就减税 而经济衰退时
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  the federal government provides support to respond to the emergency.
  联邦政府就会提供援助以回应紧急事件
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  That's not a terribly healthy set of arrangements
  那不是些明智的安排
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  and there was a lot of tax cutting going on in the good times.
  而且还有很多减税措施在经济繁荣时期进行
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  But on balance, I think there are a variety of mechanisms,
  但是为了平衡 我认为应该有各种机制
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  including Medicaid reimbursement, for doing it;
  包括医疗补助制度报销来完成