And you know, we see tax receipts up 7 plus percent and yet we're still burning through cash at an incredible rate and having to borrow and borrow. Well, it turns out last Friday we got the punchline, we were wrong. GDP now from the Atlanta Fed and others had their math wrong. We got an update... it looks like we're about 1.6%. all thinking that gdp Atlanta Fed had been estimating the first quarter of this calendar year, not fiscal year, calendar year, sitting at about 2.7%. They came in and said no, we're wrong. (01:10–01:32)
CLAIM
Asserts that the Atlanta Fed revised the GDP growth estimate for the first quarter to 1.6%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
