Mr. Speaker, we base our estimates and forecasts on the analyses of 15 private-sector forecasters. In fact, we took a risk for adjustment downward from their predictions. The PBO is in disagreement with all of them. Here is what he said in August, just a few months ago: “The sharp rebound from recession could put the federal government on the road to balancing its books a year ahead of schedule”.
All of a sudden, he is singing a different tune and disagreeing with the economists in this country.