Chris Martenson writes “In the projections for the table above, the CBO has assumed no cost of living adjustments (COLAs) in 2010, 2011, or 2012 and a return to economic growth next year. If either of those assumptions proves wrong, the table above gets smoked to the downside.”
http://www.ritholtz.com/blog/2009/04/is-that-recovery-we-see/
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