Officials from the council (CEA) and the White House have kept mum about the report's findings, but we do know it will address the following issues: productivity growth, pro-growth tax policy, the fiscal challenges facing Medicare, catastrophe risk insurance, energy and infrastructure in the transportation sector, currency markets, international trade and investment and immigration.

FORBES: A Bush View Of The Economy

Except, if he is right and we really are facing a catastrophe comparable to the Great Depression, it is reasonable to ask whether cutting VAT from 20% to 17.5% is really a match for the occasion.

BBC: Osborne, Balls and the OECD: Where they agree

But he claimed the country was facing an "almost unbelievable catastrophe" because of low rainfall.

BBC: NEWS | UK | Weisz Oscar 'is good for Africa'

All of this puts the burden on homeowners to monitor their policies so they will be covered in a catastrophe without facing a financial setback.

WSJ: Getting Going: Insurance Deductibles Soar