Pulpit Bulls

Policy, Politics, and What's In Between

CBO BS

Posted by gregoryholmes on May 26, 2009

The Congressional Budget Office is making two very interesting predictions about the economy next year Рthat GDP will growth by 3.8% while, at the same time, predicting an unemployment rate of 9%.  As unemployment is already at 8.9% now, I fail to understand how GDP can jump up that far without a corresponding increase in employment.

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