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the real cost of health insurance - National health spending is expected to reach $2.5 trillion in 2009, accounting for 17.6 percent of the gross domestic product. By 2018, national health care expenditures are expected to reach $4.4 trillion -- more than double 2007 spending. - National health expenditures are expected to increase faster than the growth in GDP: between 2008 and 2018, the average increase in national health expenditures is expected to be 6.2 percent per year, while the GDP is expected to increase only 4.1 percent per year. - In just three years, the Medicare and Medicaid programs will account for 50 percent of all national health spending. - Medicare's Hospital Insurance Trust Fund is expected to pay out more in hospital benefits and other expenditures this year tha...
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Many experts see our nation, and maybe the world, streaking toward recession.
Recession is, according to most economists, a decline in the national gross domestic product for two consecutive quarters. Since third quarter 2007 showed economic growth of about 4 percent, economists and analysts are anticipating bad news for fourth quarter 2007 and the first quarter of 2008.
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In early December 2008, the National Bureau of Economic Research announced its determination that the US economy had been in recession since December 2007, notwithstanding the positive growth in real gross domestic product registered during the first two quarters of 2008. Still, the economy grew by a quarterly average of nearly 1.9% during the first two quarters of 2008, fueled in part by a significant improvement in net exports as well as fiscal stimulus-supported personal consumption. Labor market conditions have weakened noticeably since late 2007 -- since the recession began in December 2007, a total of 3.6 million jobs have been lost. Rising food prices and the energy price surge through the middle of last year boosted headline inflation, which peaked at 5.6% in the 12 months throu...
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Already, national political fundraising ma- chines are beginning to hum and sputter toward early targets in their quest to break another election cycle's worth of spending records. The nation's largest teachers union, the National Education Association (NEA), was the heaviest contributor to U.S. political campaigns in 2007- 08, according to the Center for Responsive Politics. Early indica- tions show it is a front-runner to be so again. Along with its state affiliates, the NEA took in $1.5 billion in revenue in 2008-09, the Education Intelligence Agency notes. Nearly all of this revenue came from member dues, and most of the war chest will be spent seeking to increase spending and to block those school reforms deemed most threatening to union clout.
The stakes are high, even by contem...
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The pace of decline in the US economy slowed notably during the first half of 2009, as activity in some sectors, including the housing sector, began to stabilize. Nonetheless, as of August 2009, the economy has been in recession for 21 months, marking the longest post-war recession to date from the business cycle peak of December 2007, as dated by the National Bureau of Economic Research. Many economists predict positive growth in the second half of 2009, boosted by a variety of measures implemented under the American Recovery and Reinvestment Act of 2009 (ARRA). During 2008, the US economy experienced its first four-quarter contraction since 1991, as real gross domestic product fell by 0.8%. Financial markets came under unprecedented stress last fall, but a wide range of measures have ...
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WASHINGTON - There are moments when our political system, whose essential job is to mediate conflicts in broadly acceptable and desirable ways, is simply not up to the task. It fails.
This may be one of those moments.
... 1960, federal taxes were 17.8 percent of national income (gross domestic product). In 2007, they wer...
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WASHINGTON, Feb. 8, 2011 /PRNewswire-USNewswire/ -- 2009 Annual Capital Expenditures Survey -- These data, based on the 2007 North American Industry Classification System, estimate business spending in 2009 for new and used structures and equipment at the sector level, as well as for three-digit and selected four-digit industries. These data are an important input for federal agencies constructing composite national economic measures, such as the Bureau of Economic Analysis' estimates of private-fixed investment, a major component of gross domestic product; the Bureau of Labor Statistics' estimates of capital stocks for productivity analysis; and the Federal Reserve Board's Flow of Funds accounts. The data also provide the business community with a relevant, timely and accurate measure ...
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There are moments when our political system, whose essential job is to mediate conflicts in broadly acceptable and desirable ways, is simply not up to the task. It fails. This may be one of those moments. What we learned in 2011 is that the frustrating and confusing budget debate may never reach a workable conclusion. It may continue indefinitely until it's abruptly ended by a severe economic or financial crisis that wrenches control from elected leaders.
We are shifting from "giveaway politics" to "takeaway politics." Since World War II, presidents and Congresses have been in the enviable position of distributing more benefits to more people without requiring ever-steeper taxes. Now this governing formula no longer works, and politicians face the opposite: taking away -- re...
... 1960, federal taxes were 17.8 percent of national income (gross domestic product). In 2007, they we...
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Although it will be some time before the end of the recession is officially designated, it appears that both the regional and national economies bottomed out around July. US gross domestic product (GDP) rose in the third quarter on a quarter-to-quarter basis for the first time in well over a year. Moreover, leading economic indicators are pointing toward continued GDP growth for the end of 2009. Unfortunately, the end of the recession just means that the economy is no longer declining. Expectations for 2010 remain unchanged from last year's forecast, an uneven and sluggish recovery. The TVA region is following a similar pattern. The Philadelphia Fed-based coincident economic index for the region bottomed out over the summer, with a small uptick in November. Definitely, the region has a ...
... slowed considerably through the end of 2007. The region did not have the kind of home price ru...