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Their baseline projections look for 8 percent export growth, assuming a stabilizing U.S. economy, robust emerging markets recovery, and improving Chinese demand.
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My understanding is that the White House's position has always been that it favours a public option, thinks a public option is a good idea, wants to see a public option in a bill, and also wants to sign a health reform bill that passes congress, covers the uninsured, and reduces long-run health cost inflation relative to current baseline projections.
BBC: Obama may soften healthcare plan
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The Congressional Budget Office gives its baseline budget projections for fiscal years 2013 to 2023 in its February 5, 2013 Budget and Economic Outlook: Fiscal Years 2013 to 2023.
FORBES: The $995 billion Sequester Cut Is Actually a $110 Billion Spending Increase
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Planning is measuring your business motion against the baseline of assumptions and projections you made in your plan.
FORBES: The Difference Between a Business Plan and Planning
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There is no way either side can generate enough tax revenue, jobs or wealth (either through increased spending or even privatization) to accomplish what they seek with the Federal Reserve accepting over 10.5 million people out of work as a new fact of life or baseline for economic growth and tax revenue projections.
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So I went to table 1-8 and got the projections for those tax provisions and backed them out of the baseline forecast.
FORBES: New CBO Numbers Confirm Modest Spending Restraint Can Balance The Budget