Did the CBO Lower Debt Projections This Week?

[Composed Thinker]

Someone made that claim. Is there any truth to it?

[On the Road]

1. I Saw That, Too

Don't have a link immediately. The defecit was revised downwards from about $450B to about $350B(?) It was fairly large and very surprising. It's the first positive revision of defecits I can remember under Bush. We'll see how it actually comes in.

[denverbill]

2. That's one way to spin it.

Announce a deficit far in excess of what you actually expect. That way the worst budget deficit in US history almost seems good by comparison.

Also, I doubt the new deficit numbers include the cost of the war.

[Composed Thinker]

4. I'm really not a budget expert, to say the least, but you...

probably know a lot, so maybe you can help me. How often do projections change? And how for far down the road is this projection?

[hedda_foil]

3. I believe it was the WH OMB, not the CBO.

The Office of Management and the Budget is in thrall to the neocons.