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CBO: A Dire Economic Forecast Based On New Assumptions

Sunday, March 2, 2014 - 8:10 PM
"This year’s short-term and long-term economic forecasts are substantially worse than last year’s, even though the economy performed better than expected in 2013. What changed was that the C.B.O. economists essentially decided that they would no longer treat the recent years of poor economic performance as a sort of outlier. They have seen enough of a slow economy to begin to think that we should get used to sluggishness."

A Dire Economic Forecast Based on New Assumptions - NYTimes.com
4
ShorebreakShorebreak2,603 posts since
Apr 6, 2010
Rep Points: 14,107
1. Sunday, March 2, 2014 - 11:16 PM
I had and still might have a booklet from the social security trustees predicting the solvency of the social security trust funds in the mid to late 90's. All projections were made with the growth projection of 1.7%. This was in the mid to late 90's when we were probably in the best years we will ever see. Were they clairvoyant or did they know something way back then? I wonder what growth the trustee use now? 
1
Ally6770Ally6770909 posts since
Jan 16, 2010
Rep Points: 2,643
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