Bankrupt Ideas Lead to Bankrupt Governments | Cato Institute

Bankrupt Ideas Lead to Bankrupt Governments | Cato Institute: "During the second Clinton administration, federal spending was about 20 percent lower as a percentage of GDP than it is now. Yet I do not recall starvation among the American people, nor the acutely ill being thrown out of hospitals because they could not pay, nor children not finding schools to attend. It did not happen, nor did it happen from the end of the Civil War until World War I, when federal spending was only about 3 percent of GDP, in contrast to today’s 22 percent."

"Mrs. Pelosi may think there is nothing more to cut, but her own government continues to find huge waste. Medicare fraud and abuse alone now costs more than $115 billion per year, and even though the problem is well known, it persists decade after decade, as Mrs. Pelosi and her colleagues do nothing to stop it. But then, again, it is not their money that is wasted. According to the Congressional Research Service, the U.S. government has 77,000 unused or underused buildings that cost taxpayers $1.67 billion annually to operate and maintain."