Deficit fears put Obama's reforms in jeopardy
Tuesday's sharply upgraded forecasts for growth in US national debt over the next decade could hardly have come at a worse time for Barack Obama. Full Story »
Posted by Derek Hawkins - via Drudge ReportReview
There are no links to substantiate assertions, and the publication IS business oriented, but the piece does make the point that economists have a dismal track record.
To seasoned economists it was a reminder that projections are not always right. “The first thing you learn in doing these projections is to be very humble,” said James Horney, director of federal fiscal policy at the Center on Budget and Policy Priorities. “You know they’re going to be wrong and you know they’re going to be wrong by huge dollar amounts.”
