No he was wrong, not to mention highly hypocritical considering he expanded government on behalf of his financial backers.
The problem is accountability and transparency and lack of this. We should only have the government we need, no more, no less. The issue in many countries is that government has no accountability or transparency, so it can grow out of control because there is money in government. Politicians become rich when in office and after office if they play their cards right.. and that is wrong.
A good example is the US military. It is beyond bloated and its procurement waste is catastrophic.. because there is very little transparency or accountability. For example this one..
Abrams Tank Pushed By Congress Despite Army's Protests
So here we have a situation where the military (aka the government) does not want the extra tanks, but the elected politicians force it through because of basically financial bribes. Not pork-barrel politics.. yea right!
Another example was a plane or helicopter that the US airforce said no to over a decade ago, but because it was made in a GOP Senators home state, he pushed for the billions wasted on the program. Only recently the program was finally cancelled.
It is this kind of abuse by elected politicians that is the problem, not "government". Government is just the tool of politicians, and in a corrupt political climate like the US, waste and nepotism is the number one problem and is always blamed on the "government" and not on the elected officials.
The continuing revolving door between elected officials to lobbyist for industry to management in industry is causing 90% of the waste and problems in government.
For example, bad regulation. In most cases they are put in place to protect a local politicians political/financial allies. Why do you think that the healthcare insurance industry fought for decades against opening up the market? Because they steadily funneled campaign money to local politicians who then blocked any liberalization of the market.
And the reason I am not putting elected politicians in the "government" box is simple. There are millions of hard working people in "government" and they should not all be blamed for some elected officials corruption. And yes there are some lazy bastards in "government" as well.. just as there is in the private sector.