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COMMENTS: Two Trillion Dollars of Optimism
ABC led from the White House with Jake Tapper's report on a difference of opinion about the outlook for the economy for the next ten years. Both the Office of Management & Budget and the Congressional Budget Office make projections about the economy's rate of growth over the next decade, the likely collection of taxes and expected government spending. They disagree by $2.3tr: OMB projects $7.0tr in federal borrowing through 2019; CBS's number is $9.3tr. NBC's White House correspondent Chuck Todd filed a brief stand-up on the discrepancy. CBO is "basically labeling the President's numbers as a bit too optimistic," he understated.
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