Happy Cost of Government Day, America! Workers Toil 186 Days to Pay For The Full Costs of Government
In 2014, Cost of Government Day falls on July 6.This day marks the point during the year when the average American has earned enough income to pay for his or her share of the spending and regulatory burdens imposed by government at the federal, state and local levels. While Americans may be celebrating Independence Day on July 4, they are still working to pay for the full cost of government until the end of the weekend. This will be the sixth consecutive year that COGD will fall in July; prior to President Obama taking office, COGD had never fallen after June 27.
All told, the full costs of government amount to 51 percent of GDP. Workers toil 121 days to pay for government spending alone, and 65 days to pay for regulatory costs. All told, Americans labor 186 days to pay off the full burden of government.
States like Connecticut and New Jersey must work past national COGD in order to pay for the costs of high spending and taxes in their states. The latest state COGD once again occurs in Connecticut, falling on July 26 for 2014. The earliest COGD goes to Louisiana, occurring on June 12 this year.
Reflecting the success of efforts by Republicans in Washington to cut the size of government by capping discretionary spending, the days worked to pay for federal spending decreased since last year. However, federal regulatory costs have increased since 2013. Increased unilateral executive action will only push these costs higher. While Americans worked 65 days to pay for the costs imposed by regulation in 2014, if the regulatory regime grows larger it will almost certainly auger much later Cost of Government Days in the future.
More from Americans for Tax Reform
Yes and the founder of this organization Grover Norquist supports amnesty for illegal aliens. And thanks to his and his fellow travelers in the Liberal Party, we now have a surge of the poorest illegals Central America can dish up. Do you guys somehow think that this wave of poverty isn't going to need massive amounts of tax payer money thrown at it? Obama just asked for 8 billion. Multiply that by thousands over the course of the amnesty that you and the Democrats are eventually going to serve up.
Ha Grover thinks that waves of immigration are going to save the US economy!! Um Grover, first you have to give them entitlements before they can buy stuff... That means you have to redistribute middle class taxpayers money because Grover's beloved corporations sure aren't gonna be taxed for the cost of illegal immigration and amnesty. If they were, they wouldn't be so for it.
So this organization can take all the baloney about the cost of government and...
Can you imagine how you could live with that extra money..
It;s time for the board of directors to convene on our 22M employee corporation.
Bring as many chain saws as possible.