Today, Aug. 12, is Cost of Government Day (COGD), the day of the calendar year when the average American worker has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government on the federal, state, and local levels.
Twenty-six days. That’s how much more government is costing you this year than it did last year. Considering that the total cost of government was $7.6 trillion, or $20.8 billion per day, that works out to $540.8 billion.
Think about what you could do with all of that. How helpful would that additional cash be as we make our way through the recession?
But Barack Obama, Nancy Pelosi, and Harry Reid didn’t think about that before gleefully throwing away our money on bailouts, ineffective “stimulus” efforts, and cash for other people’s clunkers — and now they want to add government healthcare schemes into the mix.
Not only is this year’s COGD 26 days later than last year’s date, it’s 23 days later than the previous all-time high of July 20, in 1982.
The 224 days spent working to pay for government are made up of 111 days covering federal spending, 65 days to comply with regulatory costs, and 49 days for state and local spending.
The report breaks this info down by state, so you can find out just how bad things are for you and your family by visiting www.CostOfGovernmentDay.com and seeing where your state ranks.
© 2022 Newsmax. All rights reserved.