Quote by Mitt Romney
Government is taking 40 percent of the GDP. And that's at the state, local and federal level. President Obama has taken government spending at the federal level from 20 percent to 25 percent. Look, at some point, you cease being a free economy, and you become a government economy. And we've got to stop that.
Summary
This quote highlights concerns over the increasing levels of government spending in the United States and its effects on the economy. It suggests that the government's share of the Gross Domestic Product (GDP) has reached 40 percent through various levels of governance, implying a shift towards a more centralized and controlled economic system. The speaker, likely critical of President Obama's policies, argues that this trajectory risks diminishing economic freedom, emphasizing the need to restrain government involvement to maintain the principles of a free market system.
Topics
Government
By Mitt Romney
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