冈本视频 economics professor Nicole Simpson lives and teaches in an interdisciplinary world, where it鈥檚 virtually impossible to separate politics from economics. Especially where the 鈥渇iscal cliff鈥 is concerned.
鈥淲hen I teach, I talk about how politics are going to enter into this classroom every day, Simpson said, 鈥渂ut economists try to strip away鈥he political bantering and focus on the facts.鈥
During the interview, Simpson said that while the idea of the fiscal cliff began as a 鈥渃atchy phrase, an extreme thought鈥hings will get even uglier than they are if we don鈥檛 do anything.鈥 She said that politicians need to compromise on a combination of government spending decreases and tax increases.
鈥淭he 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.鈥
鈥淓xpectations are huge,鈥 she said.