2003 COST OF GOVERNMENT DAY
Cost of Government Day for 2003 was July 11th. This is 4.5 days later than the 2002 Cost of Government Day of July 6th. As a result, working people must toil on average 193 days out of the year just to meet all the costs imposed by government. In other words, the cost of government consumes nearly 53 percent of national income.
Cost of Government Day falls 4.5 days later in 2003 than it did last year and is now at its highest level since 1993. This year’s rise marks the third straight increase, after eight straight declines from 1992 to 2000. Since 2000, however, the cost of government has increased nearly 10 percent for working Americans. In 2003, the average American will have to work 17 additional days out of the year to pay for the cost of government than was needed in 2000.
COST OF GOVERNMENT DAY IN THE NEWS
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