In it, but not of it. TPM DC

Heritage: Our Wildly Optimistic Budget Analysis May Be a Tad Off


According to Beach, the number still accurately reflected the results of the model Heritage used, which he said came from analyst IHS Global Insight. But the chief economist of IHS Global Insight has raised his own concerns about the results, saying that he's unsure what could produce such a low unemployment rate.

Beach added in a separate interview with FrumForum that the real problem with their numbers is that the massive employment gains Heritage projects from Ryan's plan are being measured against the CBO's projections.

"I think the CBO has given us a scenario that is pretty rosy, how can you have unemployment rates of 5.2% in a world where we have a financial crisis?" Beach said.