Episode 274: The CBO Predicts the Future
Words & Numbers
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What Do You Expect From Politicians?
"There's no way we can predict these things accurately. We only have to predict them such that people act on what we want," he says. "Politicians lie so you can behave in a certain way, how do they lie forward looking? They say things will be X knowing good and well, things are not going to be X." The federal government pays right now two and a half percent interest on its debt; 10 years from now it could cost more than $1 trillion per year.
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