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Could these gloomy projections prove equally mistaken?
Even if the most optimistic fiscal projections prove true, the surplus will be gone within 20 years, leaving the government -- and, by extension, taxpayers -- facing intense financial pressure.
If the Microsoft projections prove accurate, that would represent a further slowdown from the quarter ended in June, when PC shipments grew a sluggish 7percentt or so, Mr. Connors said.
They warned of a feeding frenzy of tax cuts and spending that could leave the government in deficit again, especially if the budget office's projections prove to be too optimistic.
By then, if the projections prove accurate, India will have moved well past the much smaller Philippines in the total number of mobile users but will still remain far behind China.
If projections prove too optimistic, they half-heartedly acknowledge, the government can tax a little more here, borrow a bit more there and perhaps ask retirees, far into the future, to accept slightly less.
Similar(48)
And if the surplus projections proved to be overly optimistic, the country would be saved from painful economic choices.
Although harshly criticized at the time by the utility industry, his projections proved more prescient than the conventional ones.
The remaining $600 billion would probably be too little to pay for the other initiatives that the two parties are considering, Democrats said, especially if the surplus projections proved to be too high.
Robert Greenstein, director of the Center on Budget and Policy Priorities, a liberal-leaning research group, said there was a real risk of a "feeding frenzy" on tax cuts that dissipated the surplus and even, if the projections proved faulty, created new deficits.
But the projections proved inaccurate and ethanol producers made only negligible amounts of the cellulosic fuel.
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