Government VS The Private Sector. What Makes An Economy Grow?

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I couldn't last more than 4 minutes in that clip. 13 minutes is way too long and the guy is way too slow in giving information. He gripes about California but misses a major point (at least he misses it in the first 4 min.) In CA, public referendums are way too easy. They have what some call "Ballot-box budgeting." The people vote in programs and then vote to keep state taxes low. This makes it hard to break even. The government's hands are tied to a large extent. That is a major reason why they are so much in debt.
 
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