Oh, yes, I know that Reagan, Bush 1 and Bush 2 signed off on some of this debt.
SOME of the debt.
It's also noteworthy that results were very different when comparing (R) v. (D) Congressional majorities.
Still:
...when adjusted for new debt issuance, the [US'] compounded growth rate since 1983 is -3.96%. Yes, annually. Incidentally, from 1953-83 it was 5.30%. Yes, annually, and yes, positive.
"Investment"? Nope. Pure consumption.
HT: Ticker
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