Of Debts, Markets and 'Fiscal Cliffs' in Europe and the United States: Part II

William R. Cline says that expiring tax cuts and other changes due December 31 would add up to 5 percent of the US economy, but the United States can afford to go over the 'cliff' and then fix the problem.
Featuring William R. Cline (PIIE)
July 5, 2012