Goldman Sachs on surging US debt – both sides need “more discipline in fiscal spending”

Goldman Sachs CEO Solomon spoke on debt issues earlier this week:

• Goldman Sachs CEO Solomon says US dollar reserve status is under zero threat

GS’ Group President John Waldron has reiterated concerns, speaking in an interview with Bloomberg (gated)

• US government should think that there’s an insatiable appetite for US debt

• “There’s no evidence we cannot just keep going, but those of us who have been watching this for a long time are worried this is an unsustainable pace”

• “We need to show more discipline in the system should the US continue to be a great place to invest.”
• there is a need to stimulate some parts of the economy but, Republicans and Democrats need to find a way to create more discipline in fiscal spending

This article was written by Eamonn Sheridan at www.forexlive.com.