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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (70965)11/9/2014 2:36:44 AM
From: i-node  Read Replies (1) of 71588
 
>> Your 'predictions' are not actual facts... (not yet anyway, they remain just predictions, subject to change).

They aren't "my" predictions, although I agree with them. Government has a long history of NEVER getting it right. Even in the one instance that they erred on the positive side (Medicare Part D, which because it was designed with competition and "skin in the game", has consistently come in way under budget), they were way, way wrong. In every other instance, they've undershot substantially.

CBO's predecessor projected Medicare costs at 12B in the 25th year of its existence. Reality was harsh, when it came in roughly 9x that amount.

>> measured as percentage of GNP of course

Yes, of course, because we ALL know that deficits SHOULD increase proportionately to the total of all goods and services produced by a nation. How does that even make sense? The %GNP statistic is one of typical sorts of misleading statistics that are used to justify an ever-expanding government in excess of its revenue.

>> An extremely rapid rate of improvement.

No, it isn't. Because the deficit reduction of this one year is NOT in any way indicative of what will happen in the future. We know that. Because failed social programs are going to be sucking up an ever-increasing share of the national productivity. There is no end in sight to increasing annual deficits.
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