1.   And while the budget deficit has been reduced by cuts in some federal spending programs, Social Security payments and other entitlement outlays continue to rise.

2.   And while the deficit has been reduced by cuts in some federal spending programs, Social Security payments and other entitlement outlays continue to rise.

3.   As Birmingham and Faherty argue, the tax cut would reduce the amount of money available to pay benefits during the next recession.

4.   A German rate cut would reduce the relative appeal of mark- based assets.

5.   A German rate cut would reduce the relative appeal of mark-based assets.

6.   A tax cut reduces the expected revenue to match the expected expenditures.

7.   A tax cut would reduce the revenue stream from which to create new spending programs.

8.   Budget cuts have reduced the inspection staff by a third in the last decade, and tenant advocates complain that city enforcement lawyers are also shorthanded.

9.   But they confirmed that price cuts had reduced the average selling price for their chips.

10.   European rate cuts also reduce the return investors get from their deposits denominated in European currencies and may push them to channel their funds into dollar-denominated assets.