austerity
put down
cost saving
deflate
dock
fight back
tighten the purse strings
cost-saving
cost cutting
skinny
salami-slice
cut back
hatchet job
undercompensate
weak
fiscal conservative
tax shield
saving
retrench
lessen
credit
tighten one's belt
spending cut
disinflation
deficitary
crappify
drop off
control
sell down
supply-side economics
giveback
retrenchment
fiscal policy
cyclical deficit
cheap out
prime the pump
abatement
minus
depreciate
relief
write-down
reduction
belt-tightening
tax cut
abate
constrain
tax reduction
cut down
tax write-off
tax deduction
downsizing
budget cut
knock down
deduction
mark down
curtailment
cash limit
downbear
remission
vitiate
shorten
mitigate
neuter
slim down
bring down
undercut
take down
cheapen
amortize
degression
whittle down
shred
underbudget
draw in
unallotment
tax relief
take a bite out of
price cut
down
tax avoidance
underburden
discount
degrow
dwindle
disimprovement
surplus
downtrend
debureaucratize
drawdown
fad diet

English words for 'A policy of deficit-cutting, which by definition requires lower spending, higher taxes, or both.'

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