> >My question is: I could swear Max said the original forecasts included
one
> >recession occuring over that 10 year period.
>
> They didn't forecast the exact timing of a recession. The average
> growth rates they predicted over the full period were low enough to
> allow for the requisite number of recessions within that timespan.
But CBPP has a table that shows something like 40-45% of the fall in the *entire 10-year projected surplus* is due to "the recession" going on now. So what gives?
Seth