Tuesday, April 26, 2011

Why US Debt Growth Is Very, Very, Bad

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.


...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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