Right. Dream on.
As mentioned at the beginning of the article by a Reuters columnist "The rosy economic forecast is one reason I place little confidence in the CBO’s budget projections."
From the business Insider "Chart of the Day" section.
The CBO's Laughably Optimistic Unemployment Projections
The CBO sees the rate dropping to 8.5% in 2012. Although more pessimistic than past estimates, this figure is optimistic compared to Wall Street estimates of 9.25% from Goldman and 9.5% from JP Morgan.
But what's really controversial is the claim that unemployment will return to a steady 5%. This assumes that unemployment is entirely cyclical and disregards well-known structural factors such as changes in technology, skill mismatches and global trade shifts.
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