Government models forecasts taxes deficits

Forecast Fault Lines

Would you trust your life to U.S. government forecasts? The 2006 federal government fiscal year ended Sept. 30 with a deficit of $248 billion, which was $175 billion, or 71 percent smaller than that forecast by the Office of Management and Budget (OMB) in February of this year, a mere eight months earlier. The Clinton administration failed to predict the Read More ›