There are two million federal employees, exactly the same number as in the Kennedy administration 80 years ago, despite massive growth in government responsibilities, which has led to unprecedented outsourcing and a governance vacuum of 'Who's minding the store?'

causalpending

Speaker

Paul Volcker

Evidence Quote

Two million civilian employees... exactly the same amount we had back in the Kennedy administration, which is 80 years ago... outsources 300 billion a year... Who's minding the store?

Source

Paul Volcker & Ray Dalio | State of the US Economy & GovernmentPrinciples by Ray Dalio
Created: 8/11/2026, 1:16:44 AM

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