พรพรสำฦต economics professor Nicole Simpson lives and teaches in an interdisciplinary world, where itโs virtually impossible to separate politics from economics. Especially where the โfiscal cliffโ is concerned.
โWhen I teach, I talk about how politics are going to enter into this classroom every day, Simpson said, โbut economists try to strip awayโฆthe political bantering and focus on the facts.โ
During the interview, Simpson said that while the idea of the fiscal cliff began as a โcatchy phrase, an extreme thoughtโฆthings will get even uglier than they are if we donโt do anything.โ She said that politicians need to compromise on a combination of government spending decreases and tax increases.
โThe timing is so important because we are just starting to come out of this recession that started in 2007 and 2008. Housing markets are starting to recover, confidence is starting to rise, and unemployment is moving in the right direction.โ
โExpectations are huge,โ she said.