The CATO Institute's The Case for a Radically Smaller Government

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Featuring Daniel J. Mitchell, Senior Fellow, Cato Institute.

The federal budget has more than doubled since Bill Clinton left office, climbing to more than $4 trillion. In that time, the share of the economy consumed by government spending has jumped from 18.5 percent of gross domestic product to about 25 percent of economic output. Even more troubling, demographic changes and entitlement programs will combine to push federal spending far higher in the next few decades, turning America into a European-style welfare state. Should these developments be a cause for concern? Dan Mitchell will present the theoretical and empirical case for a radical downsizing of the size and scope of the public sector.