Pawlenty defends rosy economic projections

AP News
Posted: Jun 13, 2011 8:49 PM
Pawlenty defends rosy economic projections

Former Minnesota Gov. Tim Pawlenty is defending his fiscal plan by saying a projection of unprecedented economic growth for 10 years is not unreasonable.

Pawlenty said in a televised GOP presidential debate Monday night that critics of his plan are being defeatist. He said Brazil and China have achieved 5 percent annual economic growth and so can the United States.

Pawlenty has proposed deep cuts in taxes and spending, saying they would boost the economy.

Many nonpartisan economists say Pawlenty's projections are wildly optimistic and would lead to deeper deficits.