The results depends on what is being measured. If you're measuring dollars in vs. dollars out, then that is one thing. But if your measuring the "number of John Carmack's produced" then the government is 100% efficient.
It's not unlike someone climbing Mount Everest and then looking back and saying "Mount Everest is easy to climb". From the perspective of the person who has successfully made the climb, it is easy. But you can't apply that perspective to the vast majority who have not made the climb.