Goldman Sachs: US fiscal outlook is 'not good'

[DonViejo]

Source: The Hill




BY JOSH DELK - 05/22/18 09:08 AM EDT

Leading investment banking group Goldman Sachs says the fiscal outlook for the U.S. "is not good," as new economic forecasts predict massive increases to the federal deficit.

"An expanding deficit and debt level is likely to put upward pressure on interest rates, expanding the deficit further," wrote the firm's chief economist Jan Hatzius on Sunday, according to CNBC.

The economist notes that the ballooning deficit could spike interest rates expanding the deficit, and he predicted lawmakers, as a result, "might hesitate" in approving a high-dollar stimulus package to help with a future economic recession.

"While we do not believe that the U.S. faces a risk to its ability to borrow or repay, the rising debt level could nevertheless have three consequences long before debt sustainability becomes a major obstacle," Hatzius wrote.

Read more: http://thehill.com/blogs/blog-briefing-room/388743-goldman-sachs-us-fiscal-outlook-is-not-good

[lark]

1. The oligarchs want another big crash so they can cash in and steal our SS.

SS, Medicare and Medicaid will be the first things stolen from us because it's what they are dying to do anyway and this will be their excuse.

[harun]

6. And the deplorables will meet that decision with thunderous applause. Then when they realize

their money is stolen they will blame Hillary and Obama.

What a world....

[lark]

8. Not so sure about that.

When their parents get thrown out of nursing homes and they can't retire because their money has been stolen, they will know this happened under drumpf and repugs. There's no way this gets attributrd to Dems since no Dems will vote for it or sign an executive order stealing from us. Unfortunately, by that time, there will be some false flag incident which "forces him" to suspend the constitution and it will be too late. We will not longer be the USA but Trumpland where the oligarchs rule supreme, just like in Russia & Saudi Arabia and we will be nothing more than poor desperate serfs. Thanks trumpers for the destruction of the bright shining light of liberal democracy in his country, hope you finally realize how stupid you have been.

[Achilleaze]

2. Bleatings from the republican swamp

whining about the BIGLY FREAKING MESS that Dirty Donny* & his KGOP republican kronies have made of the US economy. Sad.

The repubes got to cruise along for a couple of years on the golden Obama-Democratic Economic Legacy. But now their own republican TURDS are floating to the top of the republican SWAMP they have been lying about and pretending "not to know."

* aka republican Draft-Dodger-in-Chief

[ffr]

3. Right on que, Dems set to win midterms and take responsibility for an economy in shambles.

The GOP fucks everything up. And Dems have to clean it up.

It's a never ending cycle of madness.

[DavidDvorkin]

4. No, the party controlling the White House gets the credit or blame

That's the way it always works.

[duforsure]

5. Just like under W Bush

trump has us heading for a bad recession, or worse a depression, which will follow him to his grave that he caused. Skyrocketing prices from his policies , oil skyrocketing for Russia and the Saudi's, and trump making millions from all the corruption going on. He could care less about everyone else. Expect more corruption , lying, and undermining our Democracy. Congressional Republicans have turned Russian on us, and refuse to do anything now to stop him.

[Bernardo de La Paz]

7. Tax the rich. Income & Wealth Inequality really bad & growing. Must be fixed. . . . nt

[KY_EnviroGuy]

9. But the Golden Sacks will be filled regardless.

That bunch is probably hedged against Armageddon.....

[NOMOGOP]

10. Clinton to Bush

When Bill Clinton tossed the keys to the office to George W. Bush it included a $250B/year SURPLUS. The debt could have been paid off by 2011. Maybe use part of surplus to use for infrastructure and part for debt reduction. We were in remarkably good shape and could have coasted on surpluses "as far as the eye can see". We need to take back the $ from those who stole it from us. It is really that simple. (intellectually)

[Initech]

11. Yeah thanks to you guys!