Moody's Analytics chief economist Mark Zandi and Fox Business News's Liz Claman joined "Fox News Sunday" to discuss the state of the US economy and toweigh in on some of the important policy decisions confronting Washington lawmakers. Talk of a double-dip recession has been in the headlines recently, and increasingly so, as economic indicators seem to be pointing in the wrong direction again. Asked what he thought the odds were of economic growth retreating into negative territory, Zandi put them at "1 in 4 perhaps as high as 1 in 3," and characterized the odds as "uncomfortably high." However Zandi does not think the US economy will experience a double-dip recession. "Given how profitable businesses are...given some other things that are going right for the economy, I think we'll make our way through without a double-dip recession." Liz Claman pointed outhow rare an occurrenceadouble-dip recession is, and added that what economists are really asking is, "How can we have a double-dip recession when we really haven't emerged from the current recession?" Zandi does not think policy makers should provide more stimulus to the economy at this point. "I think we've done what we need to do," Zandi said, While acknowledging that unemployment is "still too high and likely to rise further," Zandi argued "it's fair to say that we'd have lost a lot more jobs and unemployment would be measurably higher if we had not gone down the road of stimulus." "I don't think it's any coincidence that the recession ended just about this time last year when the stimulus was providing its maximum economic benefit to the economy," Zandi said. Zandi and Claman agreed that allowing the Bush tax cuts to expire this year is not a good idea. Zandi said he did not think it would be "appropriate at this point to raise taxes on anyone." Headded "when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense." Claman agreed, stating, "This is just not a good idea right now. If you are going to just continue to at least try and stabilize this economy -- and we've taken some hits...This could really cause some problems at the moment." "But again, I completely agree with Mark that in a year, if both Republicans and Democrats are serious about drawing down that deficit, then you do have to let some of that sunset," Claman added.