Cost of Government Day

[fc3]

Americans for Tax Reform recently posted the cost of government day for 2008. Congratulations! We work more than half the year just to pay for government!

BTW, Osama thinks that's not enough. Back to work, serfs!

Article introduction follows with URL.

Definition

Cost of Government Day (COGD) 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 spending and regulatory burdens imposed by government on the federal, state and local levels.

Cost of Government Day 2008

Cost of Government Day for 2008 is July 16. Working people must toil on average 197 days out of the year just to meet all costs imposed by government. In other words, the cost of government consumes 53.9 percent of national income.

http://www.atr.org/national/cogd/2008/2008cogdindex.html

Best regards,
Frank

 

[comsnark]

According to the link,

This increase in the cost of government stands in sharp contrast to at least two periods in the past thirty years: COGD fell sharply from a high of July 20 in 1992 to June 29 in 1999 and 2000. In addition, COGD declined from a record high of July 23 in 1982 to July 3 in 1989. Both of these declines resulted from a combination of restraining the growth of federal spending while the economy was booming and rapidly increasing national income.

The timing of that 1992 to 1999 downward slide from the peak to low is very curious, isn't it? :smt101

Although, there is absolutely NOTHING humerous about what has happened since then :smt013 especially since the economy was pretty robust from 2002 to 2006.

 

[ImpulseIII]

Didn't the Dem's take over congress in '06...........hummmmmmm.

 

[AndersonAcres]

If you want less of something tax it. If you want more of something, give incentives. Taking a look at our situation, it's interesting what we tax and where we give incentives.

 

[Dave S]

Throw all our elected officials out of office.....they deserve it. :smt013:smt013

 

[jacktm]

Think all the elected officials need to actually go to work or try to run a business ( where you have to make a profit) for a while.

Oh that is the way it was supposed to be