The Budget and Economic Outlook: Fiscal Years 2008 to 2017 (The Mother of All Laughs)

Congressional Budget Office ^ | January, 2007 | Congressional Budget Office

[RSmithOpt]

"Underlying CBO's baseline projections is a forecast that U.S. economic growth will slow in calendar year 2007 but pick up in 2008. Specifically, CBO anticipates that GDP will grow by 2.3 percent in real terms in 2007, a full percentage point less than the growth recorded last year. For 2008, CBO forecasts that GDP growth will rebound to 3.0 percent. Under the assumptions of the baseline, real GDP growth would continue at a similar rate in 2009 and 2010 and then slow to 2.7 percent in 2011 and 2012. For the rest of the projection period, average growth of real GDP is projected to decrease to 2.5 percent per year as increases in the size of the workforce continue to slow."

[RSmithOpt]

Folks...you just got to read this one. Now, we are gonna get a needed stimulus package from money that is borrowed that is borrowed in just 12 months. Though dry and full of questionable numbers, it's worth scanning the "OFFICIAL US BUDGET OFFICE PROJECTIONS"