David Friedberg: Government Spending Ruins Everything it Touches
45 segments
California's got tens of billions of
dollars it's spent on this stupid
railway that goes nowhere where there's
no tracks.
And they're talking about
>> will to even stop that. It would be the
easiest cut in the world.
>> Like just think about the idiocy. Like
no one is saying we shouldn't do this.
Why is no one saying we shouldn't do
this? A quarter trillion dollars for a
train from San Francisco to Fresno that
costs more than an airline ticket is so
idiotic. It's like the movie don't look
up. Like look up. It'll tell you
everything you need to know. Across the
board, these government programs cause
more harm than good.
When the government intervenes in
underwriting student loans and gives
everyone a loan, administrative costs
went up by 6x and tuition skyrocketed 8%
a year compounding for 30 years because
the government said we'll underwrite any
student loan.
The same with housing and now no young
people can afford a house. The same with
health care where they said we'll pay
people to stay home and not work to take
care of people and we won't check on
whether or not they're actually taking
care of people and the cost of health
care skyrocketed. You go across every
one of these government programs and
every one of them has the adverse effect
of driving up costs and inflating
everything. And the core root of
inflation in this country, the core root
of it, is government spending. And the
reason we are going to end up becoming a
socialist country is because we aren't
reining in the government's spending and
looking at it in the mirror and saying,
"Guys, this is idiotic. What are we
doing?"
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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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