Impeach George W. Bush Message Board

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Politics : Impeach George W. Bush

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To: jttmab who wrote (9798)	1/26/2002 1:42:58 PM
From: bearshark	Read Replies (2) of 93284

You can be guaranteed that forecasts, whether they are from the CBO or the White House Budget Office will be wrong. That's an absolute guarantee. If you were present for reaganomics, or "voodoo economics" as President Bush called it, you will remember the bad-mouthing of CBO's deficit estimates by President Reagan. CBO laid out the projected deficits for everyone to see and they were proved correct. On the other hand, I wouldn't trust any president's White House projections. The books on federal outlays don't close until five years after the end of the fiscal year. Up until that point, contractors can submit billings adjustments to contracts that were "ended" five years earlier. Hmmmm. You probably remember "m" accounts too.

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