2015 U.S. economic growth came in at a stagnant 1.8%, and the biggest contributor to that snail-paced growth was…”

Economic growth in the U.S. stagnated during 2015.

Q1 came in at 0.6%, Q2 at 3.9%, Q3 dropped to 2%, and Q4 plunged back to 0.7%, for an average of 1.8% on the year.

That 1.8% GDP growth included another peculiarity.

The biggest contributor to economic growth in 2015: Personal Consumption Expenditures (PCE).

And within PCE… (drum roll…)… Health Care related spending represented a full “quarter of the growth in US personal consumption expenditures, almost 100% higher than the second highest spending category…”  And – those health care related expenditures included “Obamacare” taxes.  (Source: Zero Hedge 1/29/2016)

“And that, ladies and gentlemen, is how you convert a tax into a source of economic progress.”

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There is a better way to ‘drive’ economic growth, and that is through a citizen-directed economy.

There is also a better way to express health care spending, and that is through a citizen-directed allocation of health care resources.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                  The Leviticus 25 Plan 2017 (1331)

 

 

 

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