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.
Thanks, Republicans! Y'all are terrific!
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