Also, if you think these priorities are out of whack (which I do!) you should start grappling with how and why our spending looks like this.
Source: https://t.co/xJ6RXScUT0 https://t.co/vlCP1sSZHT
Also, if you think these priorities are out of whack (which I do!) you should start grappling with how and why our spending looks like this. Source: https://t.co/xJ6RXScUT0 https://t.co/vlCP1sSZHT
Spurred by private sector confidence in a growing and profitable health care market, the United States has favored investments in health care over social services. According to the numbers, this inequity may result in poorer health than might be attained by recalibrating the balance of health and social spending.
Elizabeth Bradley • The American Health Care Paradox: Why Spending More is Getting Us Less
In magnitudes that Argentines could only dream of, the U.S. government has been spending more than it raises in taxes, and American consumers and businesses have been importing more goods than they have been exporting, with borrowing from foreigners covering much of the gaps. The record budget deficit of about $413 billion for 2004, and the record
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
The defense industry is a virus. It destroys healthy economies. We produce sophisticated fighter jets while Boeing is unable to finish its new commercial plane on schedule and our automotive industry goes bankrupt. We sink money into research and development of weapons systems and starve renewable energy technologies to fight global warming.
Chris Hedges • Empire of Illusion: The End of Literacy and the Triumph of Spectacle
A combination of President George W. Bush's tax cuts and Obama's post-financial-crash stimulus had, in a decade, taken federal debt from 33% of US national income to 62% in 2010. Unreformed, it was projected to keep rising, to 90% in 2020
Michael Green • In Gold We Trust? The Future of Money in an Age of Uncertainty (Kindle Single)
The largest nongovernmental expense in 2017 was out-of-pocket costs, including household spending on health care goods and services, such as residential and home-based long-term care provided by the private sector, totaling 16% of total spending, or $40 billion USD
Ezekiel J Emanuel • Which Country Has the World's Best Health Care?
The defense industry is able to monopolize the best scientific and research talent and squander the nation’s resources and investment capital. These defense industries produce nothing that is useful for society or the national trade account. They offer little more than a psychological security blanket for fearful Americans who want to feel protecte
... See moreChris Hedges • Empire of Illusion: The End of Literacy and the Triumph of Spectacle
when it comes to national income accounting, and measuring GDP, we are valuing every one of these different expenditures at $1. In our measurements, we are assuming that the quality, importance, and efficacy of government stays constant as the size of government grows.
Tyler Cowen • The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
Educational expenditures are now about 6 percent of U.S. GDP.