[Marxism] Only if you have a stomach for it: thin tweezer stories, or, a shameless introduction to heteroskedasticity for total beginners: the outlier effect explained

Jurriaan Bendien bendien at tomaatnet.nl
Fri Feb 27 18:05:08 MST 2004

The 10-year outlook is likely to garner the most interest among Bush's
political opponents as they look to pin blame on him for what they say are
poor economic policies. The White House, which put out a five-year budget
plan, said long-term outlooks could be unreliable. "The further you go out,
the more likely there are to be inaccuracies. They don't even do error
estimates for 10-year figures," said Chad Kolton, spokesman for the White
House Office of Management and Budget.

Democrats say the cost of Bush's tax cuts will eat into future funding for
Social Security (news - web sites) and other social safety nets. Republican
fiscal conservatives are also calling for spending restraint. The CBO is
forecasting deficits for every year through 2014, the last year it looks at
in this report. The congressional analysts also estimated the cost of making
Bush's tax cuts permanent to be about $1.3 trillion over the next 10 years.

Bush told Congress on Thursday he would settle for making permanent only
those of his tax cuts set to expire next year, after fellow Republicans
warned the rest might have to wait until after the election.


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