Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Cost of Government Day
Source: Americans For Tax Reform
OVERVIEW OF RESULTS
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.
Cost of Government: Trends
Cost of Government Day falls four days later in 2008 than last year’s revised date of July 12. In 2008, the average American will have to work an additional 17 days out of the year to pay off his or her cost of government compared to 2000, when the COGD was June 29.
In fact, since 1977, COGD has fallen later than July 16 in only four of those 32 years - in 1982 and 1983, and in 1992 and 1993. The driving factor for this development is the fact that all components of the cost of government – federal spending, state and local spending, and regulation – are now increasing faster than national income.
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.
Cost of Government Day
Source: Americans For Tax Reform
OVERVIEW OF RESULTS
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.
Cost of Government: Trends
Cost of Government Day falls four days later in 2008 than last year’s revised date of July 12. In 2008, the average American will have to work an additional 17 days out of the year to pay off his or her cost of government compared to 2000, when the COGD was June 29.
In fact, since 1977, COGD has fallen later than July 16 in only four of those 32 years - in 1982 and 1983, and in 1992 and 1993. The driving factor for this development is the fact that all components of the cost of government – federal spending, state and local spending, and regulation – are now increasing faster than national income.
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.
Listen, the money you give to the GOVT is well spent on things you need like infrastructure, defense, adminstration and the things that make it possible for you to make the money to begin with. Your GOVT is made up of statesmen who hold your well being and interests in high regard. These are well intentioned prople who are doing their best to make this Country a free place with Liberty and Justice for all.
I find it funny that God only expects 10% of your money, but the greedy government handouts have now gotten to where they expect much, much more than that.
On the other hand Jesus has supernatural powers and doesn't have a national highway system to maintain.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
What are you saying??
