Goldman Finally Admits The US Fiscal Horror, Warns Of Explosive Increase In Government Interest Costs

Two months ago, we said that the US fiscal endgame was fast approaching in part thanks to soaring Federal debt, which today jumped by $275 billion in ONE DAY to a record $33.44 trillion, and on pace to increase by $1 trillion in 1 month...

goldman finally admits the us fiscal horror warns of explosive increase in government interest costs

... but more importantly, as a result of exponentially rising interest expense, which due to the highest interest rates in 40 years and America's legendary out-of-control deficit spending, also known as BidenomicsTM...

Authored by Tyler Durden via ZeroHedge October 3rd 2023