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Resource ID: #17652
Subject: Economics
Source: National Journal
Affiliation: 
Date: 31-Mar

Description

National Journal focuses on how "government budget forecasters offer various scenarios, both rosy and gloomy, but few ever hit the marks." The report finds that "despite all of the partisan rancor over tax cuts - or perhaps because of it - one thing seems certain: Ten-year budgets and the estimates they're based on are coming in for a good deal of scrutiny." The story looks at the political debate on government spending and projected tax cuts and exposes the fallibility of the forecasts prepared by the Congressional Budget Office. The author draws the conclusion that "budgetary restraint - in short enough supply, even during an epoch of deficits - may be entirely out of stock in an era boasting any surpluses at all."

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