Goldman Sachs CEO David Solomon recently expressed his concerns that mounting US government debt will pose more of a problem if the economy does not grow faster. David Solomon voiced his concerns on $38 trillion national debt problem, joining the ranks of JPMorgan CEO Jamie Dimon, Fed chair Jerome Powell, Bridgewater Associates founder Ray Dalio, and increasingly, politicians on Capitol Hill. The US national debt recently hit $38 trillion.
He said that the primary concern is not the sheer volume of debt but the worsening debt-to-GDP ratio, adding that the solution lies in accelerating economic growth which can be possible by artificial intelligence (AI) technology.
‘There will be reckoning…’
“If we continue on the current course, and we don’t take the growth level up… there will be a reckoning,”…
