4.7 • 6.8K Ratings
🗓️ 14 October 2024
⏱️ 5 minutes
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0:00.0 | In 1924, President Calvin Coolidge spoke to a group of business owners. |
0:07.0 | Unfortunately, the federal government has strayed far afield from its legitimate business, he told them. |
0:13.0 | It has trespassed upon fields where there should be no trespass. |
0:17.0 | If it was trespass then, today it's grand larceny. |
0:22.0 | By 1930, government spending at all levels, federal, state, and local |
0:26.4 | was just 12% of America's economic output. By 2020, it was 45%. |
0:33.6 | And it's not just spending. |
0:35.4 | The Federal Register, the list of all Federal regulations, |
0:38.5 | grew from 2,600 pages in 1936 to 90,000 in 2023. |
0:44.0 | Administration, decade after decade, |
0:47.0 | the U.S. government just keeps getting bigger. |
0:50.0 | Why? |
0:52.0 | Proponents of bigger government say that as America's challenges grow, the only |
0:56.2 | entity that can meet these challenges is the government. |
0:59.6 | Are they right? |
1:01.3 | Let's consider three major areas of spending, education, health care and social welfare. |
1:07.0 | Education comprises about 14% of all government spending, from 1966 to 2016, adjusted for inflation spending per student |
1:16.3 | nearly tripled, from $4,700 to almost $14,000. |
1:21.6 | Has student performance nearly tripled? |
1:23.7 | Nope. |
1:25.2 | Math and reading scores have barely budget and SAT performance hasn't improved at all. |
1:30.1 | On a state by state basis, it's even worse. |
... |
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