Cost of Government Day has arrived!
Every year, the Americans for Tax Reform Foundation and the Center for Fiscal Accountability calculate Cost of Government Day. This is the day on which the average American has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state, and local levels.
In 2009, Cost of Government Day falls on August 12. Working people must toil 224 days out of the year just to meet all costs imposed by government – a full 26 days longer than last year.
In other words, in 2009 the cost of government consumes 61.34 percent of national income.