The Americans for Tax Reform Foundation (ATRF) and the Center for Fiscal Accountability have published their annual report on the cost of government. E-e-e-egads!
The definition of Cost of Government Day (COGD) is defined by ATRF as the date of the calendar year on which the average American worker has earned enough gross income to pay off his/her share of the spending and regulatory burden imposed by the government at the federal, state and local levels
The COGD continues to increase, and has now reached the point it is absolutely startling. For 2010 the COGD is August 19. This means the average working person will toil for 231 days just to meet the costs imposed on them by various government entities. You can readily conclude the federal, state and local governments consume over 63% of our income.
ATRF figures indicate that between 1977 and 2008 the COGD has never fallen later than July 20. The difference from 2008 to 2009 went from July 16 to August 11.
ATRF has prepared a pie graph that reflects the following: 52 days worked to pay state and local spending; 48 days worked to pay for federal regulations; 26 days worked to pay for state and local regulations; 104 days worked to pay for federal spending.
The ATRF report has eye-opening information, and you really should check it out.