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It argues overspending did not cause the deficit or the banking crisis, but that the UK government was less well prepared for the crisis due to a consistently over optimistic view of the revenues the Treasury was likely to receive from 2003 onwards.
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And, of course, the Fed has been consistently over-optimistic.
To be sure of preventing deflation, America needs to grow faster than trend.Forecasters have been consistently over-optimistic.
He is upfront about the way the MPC has, along with other forecasters, been consistently over-optimistic for years.
Some MPs have become agitated at its poor record, which has proved to be consistently over-optimistic.
The WEO accepted that the IMF has been consistently over-optimistic in its predictions for the global economy.
Maybe the Fed believes that the situation will improve — but as everyone points out, the Fed has been consistently over-optimistic since the crisis began.
Analysts seem to have been consistently over-optimistic; perhaps because it is in their psyche, or perhaps because they are paid to be that way.Picking losersAnalysts were no better at predicting the performance of individual companies.
The fund has been consistently over-optimistic about Greece's economic prospects, but officials said that if the economy did contract in 2015, it would make up the lost ground in the future.
When colleagues describe Stephen Hesler, these words occur over and over: optimistic, helpful, inclusive and dedicated.
They got a little over optimistic.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com