Chart of the Day: How We Spend Our Money

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Via Brad Plumer, here’s an interesting chart from the BLS showing how much we spend on stuff compared to a few selected other countries. We spend a lot more on housing than the other countries, somewhat more on healthcare, and quite a bit less on food. Hooray factory farming!

Brad has some commentary to go along with this chart, but I have a different takeaway. Looking at these numbers, it’s hard not to conclude that we have a lot of headroom on healthcare. I could easily see healthcare rising to at least the same level as food expenditures, and maybe as high as transportation too. That could happen because we collectively decide to spend less on food and transportation, or it could happen just by spending the same fixed amount on these items as wages rise, and then plowing all of our additional income into healthcare. On past performance, that might very well be something we do happily.

In other words, it’s true that to some extent rising healthcare expenditures provide their own pushback. When we collectively decide we’re spending too much, we’ll collectively start reining in our spending. But as the chart below makes clear, that time could be quite a way away.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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