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.

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