Sunday, August 14, 2011


Cost of Government Continues to Grow and Shows No Sign of Stopping


Every year, Americans for Tax Reform Foundation calculates how many days the average American must work to earn enough income to pay off the regulatory and spending burdens at the local, state and federal levels of government. The findings, released in the Cost of Government Day report, have become more disheartening with each passing year of the Obama Administration. In 2011, Americans must work until August 12 to pay off the full costs of government. While most taxpayers may consider their government debt paid when they file taxes each April, the true costs of government extract a far greater toll from the working public.
Federal spending plays a huge role in the Cost of Government Day (COGD), with Americans toiling 104 days this year just to pay for federal outlays. The creeping regulatory burden, however, presents a much more larger threat to American prosperity and portends a much later COGD . While the costs to sustain the regulatory regime continue to grow, just as perilous is the economic damage caused by an onerous and capricious regulatory state.


Read more: http://www.foxnews.com/opinion/2011/08/12/cost-government-continues-to-grow-and-shows-no-sign-stopping/#ixzz1V1MAgzV9

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