Chapter
The Dilemma with Creating Accountability in Government Spending
24:08 - 29:13 (05:04)
The significant amount of federal spending and employment makes it difficult to create accountability in the government spending system. Over 10 million Americans are employed by the federal government and much of the economy is supported by federal government spending.
Clips
Due to the complexity of government spending and laws, it's difficult to measure return on investment in the federal government in the same way it's done in the private sector.
24:08 - 26:18 (02:10)
Summary
Due to the complexity of government spending and laws, it's difficult to measure return on investment in the federal government in the same way it's done in the private sector.
ChapterThe Dilemma with Creating Accountability in Government Spending
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The federal government and its spending plays a significant role in the American economy, but accountability is difficult to establish due to the dependence of many industries on federal spending.
26:18 - 29:13 (02:54)
Summary
The federal government and its spending plays a significant role in the American economy, but accountability is difficult to establish due to the dependence of many industries on federal spending. This issue has become more pronounced due to the shift in political views towards greater acceptance of government interventionism.