Quote Originally Posted by *T* View Post
It's misleading to describe GDP as 'income'. Turnover would be a more appropriate analogy. The correct comparison would be interest expense to tax receipts.
I Really dislike deficit/interest/debt comparisons to GDP. There's a strong implication that GDP will grow at a healthy rate and that tax receipts will track that growth. Taxes are constantly changing and the political will to increase taxes to cover deficits isn't there. The emphasis should be on tax receipts and the discussion should be, how will we increase those receipts to cover our increasing debt. GDP is a level of abstraction intended to confuse more than inform.