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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?


Too bad that doesn't answer the question.


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




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.