There is a banking adage that if it's growing like a weed, it's a good chance that it's a weed.
Mark ZandiPast experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.
Mark ZandiThe extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.
Mark ZandiThe discussion in Washington has changed dramatically. I mean, it's no longer a question of should we address entitlements - it's no longer a question of do we need to reduce spending in the future.
Mark Zandi