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re: Tax revenues hit all time high for FY 2014
Posted on 8/15/14 at 1:57 pm to stuntman
Posted on 8/15/14 at 1:57 pm to stuntman
quote:
You're looking at trends differently than I do. The trend I see is a constant, massive growth of debt, which has major consequences.
Eh I guess you don't know much about second derivatives.
quote:
This is how you're looking at it: 1) year one, I gain 50 lbs. Year two, I only put on 25 lbs. You would claim that I'm "moving in the right direction".
Stupid analogy that doesn't translate into economics.
Another more relevant metric to compare it to might be population growth. Global population is increasing but the rate at which it is increasing (think second derivative) is declining. Thus we won't have some spiraling out of control global population problem.
1
Posted on 8/15/14 at 2:09 pm to Powerman
If memory serves me correctly, you and Capt Rusty had a massive debate about second derivatives. So, anyone who had any questions about them were answered in that thread. 
Anyway, mine was an apt analogy. Even if we add only one dollar per year to this debt, when interest rates finally rise, the payments on this debt are going to skyrocket. So, cutting into the debt (losing weight) is extremely important.
Anyway, mine was an apt analogy. Even if we add only one dollar per year to this debt, when interest rates finally rise, the payments on this debt are going to skyrocket. So, cutting into the debt (losing weight) is extremely important.
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