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‘Uncharted Territory:' Goldman Sachs Issues Dire Warning About Federal Spending

One year ago   |   By

Goldman Sachs analysts have warned that if the U.S. federal government carries on increasing its deficit spending the cost of its borrowing may end up outstripping the growth rate of America's gross domestic product.
In a Sunday note to its clients, the financial giant said federal deficit spending was “entering uncharted territory” thanks to a combination of spending increases on programs such as Social Security and Medicare, and tax cuts.
“In the past, as the economy strengthens and the debt burden increases, Congress has responded by raising taxes and cutting spending. This time around...
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Goldman Sachs warns wave of US spending is in 'uncharted territory' and poses a danger to growth

One year ago   |   By

Goldman Sachs sees a tidal wave of red ink - and it may drag the U.S. economy into its undertow.
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