Address Quote by Mark Zandi

Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would…

— Christina Romer

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

At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But…

— George Soros

If we hit the debt ceiling, that's... essentially defaulting on our obligations, which is totally unprecedented in American history. The impact on the economy…

— Austan Goolsbee

If anybody ran a business like that they would be out of business quickly, and Barack Obama's leadership is driving this business, the United…

— Chris Christie

Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a…

— William Greider

Ladies and gentlemen, the Reagan tax cuts turned the deepest recession since the Great Depression into the largest 20-year economic boom in American history.…

— Rush Limbaugh

If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we…

— Franklin Raines

Deficits and debt threaten the growing American economy and our national security over the long term.

— Cindy Hyde-Smith

Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases.

— Ben Bernanke

When the economy's shrinking, providing jobs, spending on things like infrastructure can actually increase revenue and drive down debt. And then, there's going to…

— Barack Obama

The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in…

— David Talbot