The reasons? Deficit forecasts are notoriously unreliable (the Cassidy thesis). Reagan proved that deficits don’t matter (the Chesney thesis). Dire deficits forecasts are a necessary part of any political adjustment process (the Churchill thesis). And all forecasts are acutely sensitive to the economic assumptions that underpin them, especially the economic growth rate (the Zarnowitz thesis).
The punch line: enjoy.
The punch line: enjoy.
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