Episode 274: The CBO Predicts the Future
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Is Every CBO Forecast for Tax Revenue Too High?
CNN's John Avlon says the Congressional Budget Office is forecasting too much tax revenue and not enough federal spending. He says CBO forecasts are always on the favorable side, but they're wrong 10% of the time. Avlon: "If that's the way we were managing our home budgets, we don't get thrown out of our houses before"
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