Posted on 08/08/2011 1:44:29 PM PDT by JosephSmithNAW
.....Yet, as S&P has explained, unlike the administration and the CBO, it focuses on a three-to-five year window. S&P finds that this timeframe, which is more in the control of the current Congress and president, is a more reliable predictor of financial health than illusory ten-year forecasts....
(Excerpt) Read more at nationalreview.com ...
To be fair, Turbo Tax is probably not programmed to deal with numbers in the Trillions. :-/
IOW: Timmy is in w-a-y over his little head.
MSNBC and CNN were reporting conflicted reports one second it was Timmy and the Obama admin supposedly saying the math is wrong then they changed it and said The Treasury Dept. said this?
It’s the Tea Party’s fault.
Doing a heck of a job there, Timmy!
I keep saying this: How is it the Tea Party’s fault if S&P made a $2 trillion error? I wish a talking head would ask this.
well you know, TTT has a little trouble with numbers...
Great point. Timmy needs to have a lil chat with Kerry et al. Need to get their messaging in line.
A One Year Forecast must be constantly monitored and updated! A Five Year Strategic Plan is a Forecasted Guess min Corporate America and is the Best Corporate Long Range Forecast Possible! 10 yrs is just dreamin!! Total AREO FRITTO!! Our Government has gone Crazy! Doesn’t Bonehead and McConnell understand what the American Public gave them in the 2010 Elections? CUT THE FREAKIN FEDERAL GOVERNMENT AND IT’S EMPLOYEES!! WE haven’t heard a word about cutting the Federal Bureacracy, bloated beyond belief! nor about ending Baseline Budgeting! Obama doubled the number of Federal Limosines alone, go down the spending line by Line, there is no detail not worth investigating! The Government Fraud has to be a Cancer worse than anything an Honest Citizen can Imagine!
I don’t know who to believe, but I lean STRONGLY in the direction of Andrew McCarthy and S & P.
bump
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