Governments may be wasteful in managing money, but the only evidence GS provides is in the story of Louis XV, who, when accused of spending too much, said, After me, the deluge.
Louis XV died before he could spend any money as king. 
mnli hypothesis: Louis XV died before he could spend any money as king.  premise: Governments may be wasteful in managing money, but the only evidence GS provides is in the story of Louis XV, who, when accused of spending too much, said, After me, the deluge.