“I think we have a society which is spending more and more of its money on healthcare as a percent of GDP as a percent of a lot of things. I think that's a measure of success.” ThinkingPercentSpendingHealthcareGdpMeasure Of Success Author:Dean Kamen
“If your credit is going to grow at 10-15 percent per year in order to get your 5 percent GDP growth per year, eventually you're going to have a problem. This isn't a stable system.” IfsYearsProblemOrderGrowsGrowthPercentCreditStableGdp Author:Adair Turner, Baron Turner of Ecchinswell
“We've had a number of economists supporting our legislation. And here's where we are. The American people can judge. Six largest financial institutions in America today have assets of roughly $10 trillion; equivalent to 58 percent of the GDP of the United States of America.” PeopleStatesTodayAmericaUnitedNumbersUnited StatesJudgingSixPercentInstitutionsFinancialAssetsUnited States Of AmericaLegislationEconomistGdpAmerica TodayFinancial Institutions Author:Bernie Sanders
“Six percent, 5 percent of our GDP for him [Vladimir Putin] to match us, he has to spend 25 percent of his GDP and it will bankrupt his country.” CountrySixPercentPutinGdp Author:Rudy Giuliani
“A possibility is that we see more and more leverage, and credit-to-GDP ratios rise once more to even higher levels; eventually the banking systems of all advanced economies reach magnitudes of 500 percent, 1000 percent or more of GDP, so that every economy starts to have financial systems that resemble recent cases like Switzerland, Ireland, Iceland, or Cyprus. That might be a very fragile world to live in.” WorldMightLevelsCasesEconomyPossibilityHigherPercentFinancialCreditFragileIrelandBankingMagnitudeHigher LevelRatiosSwitzerlandGdpBanking SystemFinancial SystemIcelandCyprus Author:Alan M. Taylor
“Most of the productivity gains appear to go to the top 1 percent. Most people don't have enough income and as a result, they borrow additional money by using their credit card and they fall into high debt. The result of the growing income gap is a slower growing GDP (too few people with money to spend) and a rising tide of indebtedness.” PeopleEnoughFallResultsGrowingPercentGainsCreditDebtProductivityIncomeCardsRisingGapsTidesCredit CardGdpIndebtedness Author:Philip Kotler
“Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0% balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.” YearsGrowthCasesEconomyGrowingEconomicBalanceMajorsHighestPercentCrisisCreditDebtCardsInequalityBritainHouseholdCrashTransfersCredit CardTextbooksRatiosGdpEconomic Crisis Author:Frances O'Grady
“Government is taking 40 percent of the GDP. And that's at the state, local and federal level. President Obama has taken government spending at the federal level from 20 percent to 25 percent. Look, at some point, you cease being a free economy, and you become a government economy. And we've got to stop that.” LooksStatesGovernmentPresidentLevelsEconomyTakenPercentSpendingCeaseLocalsPresident ObamaGdpGovernment SpendingFree Economy Author:Mitt Romney
“In a clean break from the Obama years, and frankly from the years before this president, we will keep federal spending at 20 percent of GDP, or less. That is enough. The choice is whether to put hard limits on economic growth, or hard limits on the size of government, and we choose to limit government.” YearsHardEnoughGovernmentChoicesGrowthPresidentBreakEconomicLimitsPercentCleanSizeSpendingEconomic GrowthGdpSize Of GovernmentFederal Spending Author:Paul Ryan
“I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.” PeopleThinkingNeedsShouldMeanCountryPercentIncomeGdpGross Domestic Product Author:Warren Buffett
“We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.” WorldWarRunningUsedPolicyTruth IsPercentWar Of The WorldsWorld War IiBulletsDeficitStimulusGdp Author:Warren Buffett