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Tuesday, May 22, 2018

Those Republican Party Tax Cuts?

Check out what none other than Goldman Sachs has to say today about the outlook for the nation given the new, much larger national debt due to the Republicans' tax cuts for the already-wealthy and corporations.

Goldman Sachs: 

The fiscal outlook for the US 'is not good' 

A little from the article:

"The fiscal outlook for the United States 'is not good,' according to Goldman Sachs, and could pose a threat to the country's economic security during the next recession.

According to forecasts from the bank's chief economist, the federal deficit will increase from $825 billion (or 4.1 percent of gross domestic product) to $1.25 trillion (5.5 percent of GDP) by 2021. And by 2028, the bank expects the number to balloon to $2.05 trillion (7 percent of GDP)."

This on top of what was already reported about the effects of these, again, Republican Party tax cuts:

Government set to borrow nearly $1 trillion 

this year, an 84 percent increase over last year

Not done there, there's also this:

All so they could pour more of the nation's wealth on the people who already have a great deal of it all.

Related image

Thanks, Republicans! Y'all are terrific!

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