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I do not look for a sustained advance but the long range outlook is promising.
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But the long-range outlook is a little more mixed.
In fact, Mr. Halpert and Mr. Pierce said, one bright spot in the long-range outlook is that with the odds favoring at least a weak El Niño, the opposite weather phenomenon, known as La Niña, is less likely.
Turning to the long-range outlook for Social Security, the trustees said the gap between income and costs over the next 75 years would be somewhat larger than projected in last year's report.
Finally, the long-range outlook was even dimmer as legislators sought ways to trim spending in order to shrink the $1.3 trillion federal deficit.
"We expect the warming to continue its northward movement in the Indian Ocean, and the long-range outlook is calling for bleaching in the Caribbean this summer," he adds.
But no one in authority treated the new forecast as anything but the most responsible possible stab at a notoriously difficult target: the long-range economic outlook.
This adversely affects the long-range financial outlook for Social Security because "immigration occurs at relatively young ages," and taxes paid by immigrant workers help finance Social Security benefits for retirees.
As for the outlook: "It would be the counsel of fools to make a long range forecast.
"While the Affordable Care Act makes important changes to the Medicare program and substantially improves its financial outlook, there is a strong likelihood that certain of these changes will not be viable in the long range," Mr. Foster wrote.
Jamie Walker levels with long range effort.
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