Christina Romer Quotes - Page 2

• Honest talk about the deficit is risky. Voters are more enthusiastic about the abstract notion of deficit reduction than about the painful details of accomplishing it.

  Christina Romer

  Details, Voters, Honest

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• 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.

  Christina Romer

  Fall, Turkeys, Office

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• AS an economic historian, I appreciate what manufacturing has contributed to the United States. It was the engine of growth that allowed us to win two world wars and provided millions of families with a ticket to the middle class. But public policy needs to go beyond sentiment and history.

  Christina Romer

  War, Winning, Class

  "Do Manufacturers Need Special Treatment?" by Christina Romer, www.nytimes.com. February 4, 2012.

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• Making labor less expensive helps firms hire people.

  Christina Romer

  People, Helping, Firm

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• If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good wages, but with lower educational requirements. And America's infrastructure needs are enormous.

  Christina Romer

  Educational, America, Goal

  "Do Manufacturers Need Special Treatment?" by Christina Romer, www.nytimes.com. February 4, 2012.

  4 Copy quote

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