President Obama made a new offer to the Republicans yesterday in the fiscal cliff negotiations. The President said he’ll extend Bush era tax cuts for households making less than $400,000, he’d previously drawn the line at $250,000.
Throughout the debate about the deficits and debt, you've probably heard a certain metaphor: One that compares the nation
to a household. Well, that metaphor bothers one of the nation's leading economists, Robert Shiller of Yale University.