Trey Gowdy on Government Wasteful Spending

Summary

Trey Gowdy discusses personal experience when calling out wasteful IRS spending. According to the late economist Milton Friedman, “There are 4 ways in which you can spend money.

1.)You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money.

2.) You can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I’m not so careful about the content of the present, but I’m very careful about the cost.

3.) I can spend someone else’s money on myself, then I’m sure going to have a good lunch!

4.) Finally, I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get.”