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What if we Default and Have Hyperinflation?


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#201 Saorsa

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Posted 15 October 2013 - 11:45 AM

 

 

Olsonist: how's the CBO's track record with forward projections?

 
http://www.cbo.gov/publication/21520

Too bad that doesn't answer the question.

 

Actually, it does. You just don't like the answer. Here's the 2013 update.

 

http://www.cbo.gov/publication/43846

 

That doesn't seem right.  I suspect because the CBO is continually adjusting and updating it's projections and only scores the final projection against actuals.

 

It would be like placing a bet on a football game and changing the point spread every time a team scores.

 

For example, Pelosi and Reid were very happy that the cost of the ACA came in at less than 1 Trillion dollars.  Right now, I believe that the projection is approaching 3 Trillion.



#202 Olsonist

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Posted 15 October 2013 - 04:51 PM

Yes, it is true that you believe.

 

http://www.cbo.gov/publication/44176






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