That’s the characterization usually attributed to Se. Lindsey Graham.
Let’s drill down on that, starting with some GDP stats.
Russia’s GDP is only about $1.5 trillion.
============
Let’s out that number in perspective…
Archive for the ‘GDP’ Category
The economy in 3 charts …
August 5, 2016Here’s why many Americans feel bad about the economy.
=======
First, GDP – a measure of the overall economy – has been growing at a declining rate for the past 35 years.
The blue line below is the year-over-year percentage change of GDP … the red line is my eyeball trend line – attempting to factor out recessionary dips.
The boxes are roughly the Clinton years (green box), the Bush years (orange) and Obama years (red).
GDP growth for the past 10 years has been less than 5% year-over-year.
=========
Let’s dig a little deeper …
Boomerang Effect: Bending the cost curve … the wrong direction.
May 14, 2014Two related articles caught my eye ….
First, Business Insider reported that “spending on healthcare grew an astounding 9.9% in Q1 … the biggest percent change in healthcare spending since 1980”
The article goes on to say: “Analysts said it’s primarily due to a consumption boost from the implementation of the Affordable Care Act.”
That makes sense.
Some folks rushed to their docs in the last quarter of 2013 to beat the jump in their deductibles and to jump the line ahead those becoming newly insured.
Nonetheless, the fact remains that, adjusted for inflation, America is spending more on healthcare than ever before..
Here’s the big takeaway … (more…)
Boomerang Effect: Bending the cost curve … the wrong direction.
May 8, 2014Two related articles caught my eye ….
First, Business Insider reported that “spending on healthcare grew an astounding 9.9% in Q1 … the biggest percent change in healthcare spending since 1980”
The article goes on to say: “Analysts said it’s primarily due to a consumption boost from the implementation of the Affordable Care Act.”
That makes sense.
Some folks rushed to their docs in the last quarter of 2013 to beat the jump in their deductibles and to jump the line ahead those becoming newly insured.
Nonetheless, the fact remains that, adjusted for inflation, America is spending more on healthcare than ever before..
Here’s the big takeaway … (more…)
