The more that total revenues increase, the more likely that total writeoffs will increase. However, I did a little comparative research and noticed that revenues processed by the agency in the past 10 years had increased from $376 billion to $662 billion, which amounts to a 76% increase, while total writeoffs had increased from $3.3 billion to $4.3 billion, for a 31% increase. This comparison indicates that the revenue growth rate of three quarters, is much higher than the writeoff growth rate of one third. I think that demonstrates how seriously we are taking the matter and that our collection activities are quite effective.
