23 karma · joined April 15, 2014
2013 A = Debt is around: $17.5 trillion B = Debt Service: $416 billion C = Average Rate: 2.38% ($416 billion / $17.5 trillion) D = U.S. Tax Revenue: +/- $2.8 Trillion
Things won't get interesting until B approaches D.
So one way of looking at is if everything remained constant (which it won't) you'd need 15% interest rates on the current debt for debt service to approach tax revenue. If interest rates stay the same you could increase the debt to $128 trillion.
Reference: Debt: http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm Debt Service: http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm Tax Revenue: http://www.usgovernmentrevenue.com/
With respect, I don't think it's accurate that the fact that bond rates remain low correlates to evidence that there's no major macroeconomic problem. Just take a look at the Federal Reserve's balance sheet that was relatively stable for many years has quadrupled in 5 years.
Reference: Chart: http://research.stlouisfed.org/fred2/series/RSBKCRNS
Reference: Balance Sheet: http://www.federalreserve.gov/releases/h41/Current/
BTW: The gun made in Japan (1st video in the article) has a background track that is hilarious and worth the click.
I agree that I absorb more with the printed page, but I wonder if this is habit or conditioning. I didn't grow up reading material on a device.
Disclaimer: I'm old :).
...When someone has a bunch invested (time) in a thing, it's understandable (not necessarily justifiable) to be defensive about anything that challenges that thing.
Case in point. Here a company has provided insight into why they don't believe their product fits with the freemium model. This is so against dogma and current ideology that it's being down voted not on its merits but on the audacity to have a different opinion.