Deficit dagger pointing at heart of economy

CNN   "It is a racket what is going on in Washington. Here we had a deficit commission, we discussed these issues for months and all of the sudden the President and the Republicans get together and there’s another trillion dollars given away over 2 years. It’s really shocking stuff actually"
- Jeffrey Sachs, Columbia professor & special adviser to United Nations.

 “These debts are essentially a dagger pointed at the heart of the economy and sooner or later that dagger is going to strike so we now sort of justify this [tax package] in the short run because nobody thinks in the long run”
- Mort Zuckerman, real estate billionaire.

"We have basically two parties, two free lunch parties, competing in a fiscal arena that is non-functional"

- David Stockman, Ronald Reagan's director of Office of Management & Budget.