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Exponential growth: perpetual growth versus finite resources
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<blockquote data-quote="Catatonic" data-source="post: 903529" data-attributes="member: 7966"><p>Pathetically, I found this interesting.</p><p></p><p>While the focus of this subject is Energy, and particularly oil, apply the same doubling effect to Social Security, to Medicare, to Medicaid, to the Military, etc. </p><p></p><p>The fact that contributions to the government increase naturally at 3% while the government assumes a flat budget (no growth) at 8%. This means the revenue doubles every 23 years while government spending doubles every 9 years.</p><p>In the 90s, the economic growth was high and government expenditures slowed and so this masked this discrepancy. The last ten years has exposed the other side of that scenario, decreased revenue and increased government expenditures.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 903529, member: 7966"] Pathetically, I found this interesting. While the focus of this subject is Energy, and particularly oil, apply the same doubling effect to Social Security, to Medicare, to Medicaid, to the Military, etc. The fact that contributions to the government increase naturally at 3% while the government assumes a flat budget (no growth) at 8%. This means the revenue doubles every 23 years while government spending doubles every 9 years. In the 90s, the economic growth was high and government expenditures slowed and so this masked this discrepancy. The last ten years has exposed the other side of that scenario, decreased revenue and increased government expenditures. [/QUOTE]
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