Analysts at the time completely missed how the coverage expansion would increase total spending.
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In cash terms, total spending will be 6% higher in 2014-15 than this year.
Over the final three months of the year, total spending fell by 0.9%, the index suggested.
But our total spending must be constrained by our collective ability to pay .
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For now, the poor and lower-middle class together account for 75% of total spending.
Adjusted for inflation, both total spending and primary spending (total spending minus interest payments) have been restrained.
The result is we overutilize care and higher total spending than is necessary to treat the conditions.
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Although governments spent more on goods and services in the past, total spending was almost always lower.
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Remember, the sequester cuts amount to eight percent of discretionary spending and 2.5 percent of total spending.
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Past innovation prizes show that the total spending on research is many times the total prize winnings.
But these figures exclude various hidden subsidies and military intelligence and so almost certainly underestimate total spending.
An obvious target is the government's own pay bill, which makes up a quarter of total spending.
This is an arcane issue involving the difference between total spending compared to overall spending minus interest payments.
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His plans allow total spending to grow by just 0.3% a year in the five years from 2009-10.
To understand the national income accounts, keep in mind that total spending equals total income in a generic theoretical sense.
But opponents of a limit on total spending think that it might, in practice, be a limit on freedom of expression.
Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010.
However, the council has now announced it needs to find further savings, 6% of its total spending for the next financial year.
By late 2009, however, consumers were done cutting back their total spending.
Total spending by overseas visitors was reported to be down by 6%.
Just look at what is happening to total spending and total revenues.
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It was always unrealistic to suppose that a massive fiscal tightening could leave out welfare, given that it makes up 28% of total spending.
In contrast, the families of students in North America and Western Europe provide just 7% of total spending on secondary education, according to the Digest.
With advertising expenditures beginning to contract in March, total spending for the second quarter was down 3.7% versus last year, the steepest quarterly decline since 2001.
The most important stimulus not included in this approach is tax relief, which comprises over one-third of total spending plus tax cuts to date (CEA 2010).
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Keynes divided total spending into major categories that respond to somewhat different stimuli: consumption, investment, government, and exports, with a subtraction for imports to avoid double counting.
If total spending is not enough to buy all goods produced at prevailing prices, it is thought the government must step in to prevent recession and unemployment.
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Despite the weakening sales of consoles and console games, the growth of mobile, social and PC-based games means that total spending on gaming is actually on the rise.
China is the world's fastest-growing market (see chart 5), and by around 2010 total spending in absolute dollar terms there will probably be increasing faster than in America.
Then assuming that your assumption about what happens to V gives you an assumption about what happens to MV (total spending), what happens on the other side of the equation?
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