The point is, all this is expiring at year end, and the hole will be $600 billion, or about 4 percent of GDP, and then we plunge into a nasty recession. Some items may be continued (if the Republicans and Democrats can agree to extend) but a realistic assessment is a fiscal drag. - USA Today
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.