If you take a look at European socialist nations, I mean, it compares unfortunately with those nations. Norway, its total government is 40%. The UK and Greece is 47%. France is 53%. When you add up Federal government, which is about 24% plus state and local governments, we're about 39.2%. We are dangerously close to European style socialist model. And so you'd expect those type results. Structural unemployment between 9 and 10% and very low growth rates. That's the hole. (02:26–02:31)
CLAIM
Asserts that the total government spending is approximately 39.2% of GDP.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.