Word: forecasters
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...more, even within the areas of the WAIS that lie below sea level, there are localized spots that poke above it, and these too would be relatively safe. Factoring in these and other mitigators, Bamber's team reran the computer models and came up with their newer, slightly rosier forecast...
...straining to pay for its healthcare programs. As President Obama said today: "The explosion in health care costs has put our federal budget on a disastrous path. This is largely due to what we're spending on Medicare and Medicaid." Not coincidentally, a new report was released on Tuesday forecasting a dire outlook for Medicare. The report forecast that, based on current trends, Medicare would run out of funds by 2017. Just one year ago, a similar report said Medicare's hospital insurance trust fund would not run short of funds until 2019. (Read "Making Health-Care Reform...
...Status of the Social Security and Medicare Programs" is a swamp of data which is only useful it if it turns out to be correct. There is no evidence that most of the assumptions are accurate any more than there is proof that the new federal budget and its forecast deficits are accurate. The White House recently changed its deficit projection for the next fiscal year by $89 billion. (See TIME's A-Z Health Guide...
...reserves in 2017 and that the Social Security trust fund will be in the same position in 2037. The report for the two funds makes an attempt to project income and expenses for the funds from 2009 to 2018. While it is improbable that the numbers are correct, a forecast that makes a prediction for a period of a decade could be, if well argued, plausible. But, to accept the results of the report, anyone looking at it would have to believe that the trustees have the capacity to have an accurate picture of the economy seventy-five years from...
...housing market may prefigure an eventual rebirth, but in the meantime, falling prices and rising foreclosures are still wreaking havoc with consumer finances. More troubles for consumers could lead to renewed troubles for business and in housing, meaning there are feedback loops at work here that no economic forecast can fully capture...