You know how that second ice cold beer is good, but not nearly as great as the first? And the third is good still, but not as good as the second? And the 24th is good, but not as good as whatever number beer you can remember?
Unfortunately, US Debt is the same way. Except now we're past 15 trillion dollars. That's a lot of beers.
For every $1 of debt we take on, we get $0.40 of GDP in return.
Source: http://www.hindecapital.com/docs/hil_reports/Hinde%20Capital%20Singularity.pdf
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