Economics Quote by Franklin Raines
“We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.”
About This Quote
Source Speech: Economic Policy Address, United States, 2008
The federal government’s share of GDP is being reduced while the private sector expands, indicating a shift toward market-driven growth.
In simple terms: Government share falls, private economy grows.
Key Takeaway
Support policies that boost private sector.
Themes
economics
government
growth
policy
Mood
analytical
optimistic
Type
policy
economic
When to use this quote
- budget planning
- business development
- investment strategy
- tax reform
Key Concepts
fiscal policy
public‑private balance
Questions to Reflect On
- How can we ensure essential services remain effective?
- What risks arise from rapid private sector expansion?
A Different Perspective
Reducing government size may limit essential public services.
