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Mark Zandi quotes - page 2
We need to get rid of the debt ceiling law. It's anachronistic and it's a problem.
Mark Zandi
The Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake.
Mark Zandi
Yes. I don't think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011.
Mark Zandi
Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.
Mark Zandi
I've done work for both Democrats and Republicans.
Mark Zandi
Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.
Mark Zandi
Past 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 Zandi
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?
Mark Zandi
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