Happy Cost of Government Day
Do you ever wonder how much the government actually costs you? Not just as a percentage of total income over the course of year, but in terms of how much time you spend working for yourself versus the amount of time spent making enough money to cover your share of the cost of the government?
Every year, the Americans for Tax Reform Foundation, a nonpartisan, pro-taxpayer group headed by activist Grover G. Norquist, publishes a ” Cost of Government Day” analysis that determines until what date during the calendar year the average American must work to pay for the full costs of government spending and regulation.
“This year, Cost of Government Day falls on July 15, meaning Americans labor a full 197 days into the year to pay for local, state and federal government spending and regulations,” the foundation said in a release. “This year marks the fourth straight year COGD has fallen in July. Prior to the Obama Administration, COGD had never fallen later than June 26.”
The largest driver of these costs, Americans for Tax Reform explained, is spending: “This year, Americans must work a full 88 days to pay for the costs of federal spending. This is in addition to the 40 days spent working to pay for state and local spending.” Proving once again that former President Ronald Reagan was right when he said, “Government is too big and it spends too much.”