Trajectory of Fools

There's a room where the light won't find you
Holding hands while the walls come tumbling down
When they do, I'll be right behind you
--Tears for Fears

Nice graph showing the change in borrowing fed govt trajectory since the 'credit crisis.' Prior to the crisis, the concern was the 7% CAGR in fed debt. A primary concern was that growth in GDP was no where close to cover the increase in borrowing.

Since the crisis, however, the federal govt 'solution' has been to spend and borrow even more. Fed debt is now growing at nearly double the pre-crisis rate. Borrowing now outpaces GDP growth by 4-8x (depending on the GDP growth estimates employed).

Those uncovering historical artifacts from the rubble of upcoming trainwreck will wonder why we sped up the train when conditions suggesting disaster were so clear.

We are either blind, or we are fools.