says Lawrence Lindsey in todays Wall Street Journal.
In a nutshell the issues are:
1. Normalization of interest rates increasing the cost of borrowing
2. Over optimistic projections of growth
3. Obamacare: Employers dumping their health plans and sending their employees to the public system. That’s an extra $74 billion in 2014.
After read his column, the picture below is looking more and more realistic.
