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David Friedberg: Government Spending Ruins Everything it Touches

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David Friedberg: Government Spending Ruins Everything it Touches

Transcript

45 segments

0:00

California's got tens of billions of

0:01

dollars it's spent on this stupid

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railway that goes nowhere where there's

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no tracks.

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And they're talking about

0:07

>> will to even stop that. It would be the

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easiest cut in the world.

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>> Like just think about the idiocy. Like

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no one is saying we shouldn't do this.

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Why is no one saying we shouldn't do

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this? A quarter trillion dollars for a

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train from San Francisco to Fresno that

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costs more than an airline ticket is so

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idiotic. It's like the movie don't look

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up. Like look up. It'll tell you

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everything you need to know. Across the

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board, these government programs cause

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more harm than good.

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When the government intervenes in

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underwriting student loans and gives

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everyone a loan, administrative costs

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went up by 6x and tuition skyrocketed 8%

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a year compounding for 30 years because

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the government said we'll underwrite any

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student loan.

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The same with housing and now no young

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people can afford a house. The same with

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health care where they said we'll pay

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people to stay home and not work to take

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care of people and we won't check on

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whether or not they're actually taking

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care of people and the cost of health

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care skyrocketed. You go across every

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one of these government programs and

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every one of them has the adverse effect

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of driving up costs and inflating

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everything. And the core root of

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inflation in this country, the core root

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of it, is government spending. And the

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reason we are going to end up becoming a

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socialist country is because we aren't

1:23

reining in the government's spending and

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looking at it in the mirror and saying,

1:26

"Guys, this is idiotic. What are we

1:28

doing?"

Interactive Summary

The speaker critiques government spending policies in California and the United States, arguing that government intervention in infrastructure, education, housing, and healthcare leads to inflation and rising costs rather than providing efficient services.

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