"US fiscal outlook not good"-Goldman Sachs

According to Goldman Sachs, the fiscal outlook for the United States is not good 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). 

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Looks like Harley Davidson took their tax refund, fired bunch of American workers, rewarded shareholders and are moving to Thailand.

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Well, macroeconomic theory is that governments pay down debts when the economy is strong so it can borrow when the economy falls. Now is the time the U.S. should be paying down its debt. Not giving tax cuts to billionaires.

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2 minutes ago, Ja’Nako Bezze said:

Well, macroeconomic theory is that governments pay down debts when the economy is strong so it can borrow when the economy falls. Now is the time the U.S. should be paying down its debt. Not giving tax cuts to billionaires.

It's not like anyone did not see this coming.

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1 minute ago, Stephen said:

It's not like anyone did not see this coming.

I heard that students are dropping out from Wharton. Transferring to local local colleges 

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1 hour ago, Ja’Nako Bezze said:

According to Goldman Sachs, the fiscal outlook for the United States is not good 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). 

Perhaps if Goldman Sachs paid more attention to it's own fiscal outlook, It wouldn't have needed a $10 billion bailout from us

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