Comment on Goldman Sachs: Fiscal outlook for the U.S. 'is not good' as national debt burden grows

Goldman Sachs: Fiscal outlook for the U.S. 'is not good' as national debt burden grows

Jan Hatzius, chief economist at Goldman Sachs, sees the deficit ballooning to $2.05T by 2028. Lawmakers might hesitate to approve fiscal stimulus in the next downturn in light of the already substantial budget deficit. Congressional Budget Office projects that debt could equal GDP in 10 years.        

 

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