Analysis Quote by Christina Romer

President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans…

— Mark Zandi

We have got to cut the spending. We have got to fix Medicare and Social Security. And actually, if we don't cut spending, this…

— Paul Broun

When you look what is happening in this country with the debt, the deficit, the CBO coming out and saying once again we're going…

— Allen West

If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.

— Ben Bernanke

The 'fiscal cliff' is a ruse, an invention by the right and the rich, to try and keep their huge tax breaks.

— Michael Moore

Even people on the liberal side are starting to worry about going off a fiscal cliff.

— Clint Eastwood

As the United States continues its slow but steady recovery from the depths of the financial crisis, nobody actually wants a massive austerity package…

— Fareed Zakaria

People stop buying things, and that is how you turn a slowdown into a recession.

— Janet Yellen

It's not just about the current economic environment. History shows that slashing budgets always leads to recession.

— Ha-Joon Chang

Even when [Federal Reserve Chairman Ben] Bernanke said the recession was over ... you think that would have been a bigger boom somewhere, but…

— Bill Maher

In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea…

— Joe Biden

Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. And any new recession would break all deficit…

— John F. Kennedy