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Happy Cost Of Government Day! (July 15th)

From CNS News:

Americans Will Work More than 6 Months to Pay Cost of Gov’t in 2012

By Sabrina Gladstone | July 12, 2012

(CNSNews.com) – This year, Americans have to work until July 15 to pay for the burden of government, more than six months.

In a new report, Americans for Tax Reform (ATR) has calculated that Americans will spend a total of 197 days toiling to pay for the cost of government.

And we thought Abraham Lincoln freed the slaves.

"Cost of Government Day is the date of the calendar year on which the average American worker has earned enough gross income to pay off his or her share of the spending and regulatory burden imposed by government at the federal, state and local levels," reads the report.

Maybe July 15th should be declared ‘Gov’t Dependence Day’, since most of this money goes towards making more and more Americans dependent on the government.

The report, Cost of Government Day, shows that Americans will work 88 days to pay for federal spending; 40 days for state and local spending; and 69 days for total regulatory costs.

"From a different perspective, the cost of government makes up 54.0 percent of annual gross domestic product (GDP)," reads the report.

Which, technically speaking, makes us a socialist country, if the majority of our GDP goes to government.

"What’s more, the largest tax hike in the nation’s history is scheduled to take place at the end of 2012 unless Congress acts to protect taxpayers. If this tax increase is allowed to hit, COGD [Cost of Government Day] could permanently be pushed back into August and beyond."

Don’t worry. The Democrats won’t be happy until the COGD is December 31st.

This article was posted by Steve on Friday, July 13th, 2012. Comments are currently closed.

3 Responses to “Happy Cost Of Government Day! (July 15th)”

  1. ilzito guacamolito says:

    Is there any doubt left about the reason for the new slogan of the Obama campaign?

    Vperyod!

  2. AcornsRNutz says:

    Yippee, that means we are still only half of a socialist utopia!

  3. GetBackJack says:

    Not this house.

    We went Galt back in late 2007.


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