As I look at your chart, it occurs to me that that's Federal spending. And I'm going to speculate here, though, that if we would add to that the State and the political subdivision spending on to that, because that also is a share of the GDP, we have a significantly higher percentage. And I would think that that percentage today may well go to 37 percent. I've seen some studies by some very well-respected and highly credentialed economists that make the argument that there's a right size to government, and that right size to government, when you add all the taxation across the spectrum, from Federal to State to local, that right size of government taxing a percentage of GDP, they believe, falls somewhere between 17 and 23 percent. So I'd just argue that we've passed that already, and we've got to go down in those numbers. I'd like to see those bar charts go down.
Editor's note · Context
Discussing the size of government and its impact on GDP during a floor speech.
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