So let's examine their assumptions:
- The reports must accept the conditions described by the current law. Current law requires that Medicare outlays will be reduced by 30%!! in 2012. Given the historical behavior of both the legislative and executive branches, this is highly unlikely.
- Here's the real whopper: The report assumes an unemployment rate of 5.5% by 2018. Granted, a lot can happen in 6½ years, but cutting the unemployment rate by more than 40% seems far-fetched ... especially when inflationary pressures and the weakening currency have almost always slowed or even stalled recoveries - both in the US and abroad