Visualizing rose colored glasses in budgeting

  • By John Wilkerson
  • 4 March, 2013
  • Comments Off on Visualizing rose colored glasses in budgeting


This lovely interactive graphic illustrates how OMB economic forecasts have consistently overestimated economic growth and, as a consequence, consistently underestimated deficits.

It offers more information than, for example, a regression model demonstrating that budget forecasts tend to be overly optimistic.

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