"The White House projects that GDP will grow by 3.8% in 2011 and climb above 4% a year for the next three years, followed by two years above 3%. This is far higher than historical norms-the economy has not seen such a period of growth since the 1960s.
This is self-serving optimism. By assuming higher economic growth, the forecasters can show more tax revenue and lower estimates of future deficits."
Showing posts with label economic estimates. Show all posts
Showing posts with label economic estimates. Show all posts
Friday, August 28, 2009
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