[PEN-L:5120] Re: Two queries

[dhenwood@xxxxxxxxx (Doug Henwood)]

At 12:07 PM 5/16/95, Jeff Oman wrote:

>>Can anyone give me these numbers or direct me to resources with them
>>either directly or through the list.
>>
>
>Apparently the government sez 300 to 500 billion over the next decade but a
>Stanford University team of economists estimated 1.369 trillion over the
>next 40 years.  Guess it depends on what you assume interest rates will be.
>
>From: "Who Robbed America: A Citizen's Guide to the Savings and Loan
>Scandal." Michael Waldman. Random House. 1990

The $1 trillion+ figure is obsolete and way off - reminiscent of
$100/barrel oil price predictions of 1979. The last number I saw from the
Congressional Budget Office was $200 billion (present value). I've actually
got a call into the CBO for their latest estimate; as soon as I hear, I'll
let the list know.

Doug

--

Doug Henwood
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