Phrase by 'Christina Romer'
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If you look at the studies coming out of the Congressional Budget Office, the number one thing that's going to blow a hole in the deficit as we go forward 20, 30 years is government spending on healthcare.
Author: Christina Romer - American EconomistYou , Look , Office , Government
You know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing plan - that is incredible medicine for the economy. And we fully expect it to work.
Author: Christina Romer - American EconomistYou , Work , History , Place
We're committed to working with Congress to doing what the president said he was always going to do, which is cut the deficit in half over the - over his first term.
Author: Christina Romer - American EconomistAlways , Doing , Said , Congress
Tax increases appear to have a very large sustained and highly significant negative impact on output.
Author: Christina Romer - American EconomistVery , Negative , Impact , Tax
The basic idea that if you increase government spending or you cut people's taxes that stimulates the economy and lowers the unemployment rate, is a very widely accepted idea. It's in every economics textbook, that's what we teach our undergraduates, and I certainly try to teach them the truth.
Author: Christina Romer - American EconomistYou , People , Truth , Government
Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.
Author: Christina Romer - American EconomistMore , Union , Economists , Minimum Wage
If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone - perhaps not when unemployment is high, but certainly in normal times. Robust competition is a powerful force helping to ensure that workers are paid what they contribute to their employers' bottom lines.
Author: Christina Romer - American EconomistWill , Powerful , Hard , Competition
Many of my students assume that government protection is the only thing ensuring decent wages for most American workers. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving.
Author: Christina Romer - American EconomistOnly , Competition , Government , Economics
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 cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.
Author: Christina Romer - American EconomistHalf , Office , Fall , Product
The right way to deal with a budget problem that was years in the making is by formulating a credible plan to reduce the deficit over time and as the economy is able to withstand the necessary fiscal belt-tightening. That is what President Obama is doing.
Author: Christina Romer - American EconomistTime , Doing , Way , Problem
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