Word: forecasters
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DEFICIT-CUTTING AMBITION In January, Clinton promised to cut the budget deficit for fiscal 1997, which begins in October 1996, by $145 billion. The latest official forecast of the 1997 deficit, by the Congressional Budget Office, is $319 billion, but according to some congressional sources, the Clinton Administration has drawn up if-nothing-is-done estimates of $357 billion or even $384 billion. After Clinton mentioned the $145 billion figure, some of his aides began backing off, saying the important thing was simply to get the number moving down, and giving the impression that the President might settle...
...President's. Last week each accused the other of treason as Mobutu tried to dismiss Tshisekedi, who adamantly refuses to step down. "The killings in recent weeks have only made Mobutu stronger," cautions a senior Western diplomat, who notes that the dictator's demise has often been forecast before. "He clearly calculates that the physical elimination of a few of his enemies will have a deterrent effect on the rest of the population...
...apparently, any more realistic than -- well, George Bush's prediction three years ago of a balance by fiscal 1993. In fact, Bush's final budget reveals that during his Administration the deficit nearly doubled, rising to an expected $327.3 billion in fiscal 1993 -- the current year. Forecast for fiscal 1997: $305 billion, or $68 billion more than the White House estimated only five months ago -- and even that is based on a ludicrously optimistic assumption about what Congress will do. Chances that Clinton can fulfill his pledge: zero...
Prognosticators in and out of the press always have something to say about what will happen, and we should periodically check the record. Thankfully enough, many of the things they forecast never actually happen...
...atmospheric shield. Updating the timetable known as the Montreal Protocol, delegates at a United Nations conference in Copenhagen moved up elimination of chlorofluorocarbons (CFCs) and carbon tetrachloride to 1996, four years ahead of schedule. Halons and methyl chloroform will be banned earlier too, in 1994 and 1996, respectively. Researchers forecast more skin cancer as the ozone layer disappears...