1. But neither Summers nor Dornbusch disputed the alarming deficit projections offered by the Republicans. 2. Higher growth estimates and lower inflation estimates tend to result in smaller deficit projections. 3. Part of the difference is that this plan covers five years instead of six and reflects changed deficit projections. 4. Republicans also need to make their plan fit the economic assumptions and deficit projections of the Congressional Budget Office. 5. Since that accord was signed into law, deficit projections have shrunk as a stronger-than-expected economy has generated a revenue windfall. 6. Since that accord was signed into law, deficit projections have shrunk as a stronger-than-anticipated economy has generated a revenue windfall. 7. The Budget Office is also expected to supply the White House with its final deficit projections before Christmas. 8. The forecast, published last week, had a lower growth expectation and higher deficit projection, so raising hopes for higher rates. 9. The lower deficit projection, which the White House says is still too pessimistic, means budget negotiators will have to cut less in order to eliminate the deficit. 10. The White House budget does not include deficit projections that far into the future. |
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