Happy (Belated) Cost Of Government Day

Did you know that July 15th was a day of celebration? Well, it was. In fact, it was a big day for most of us as it was the day where we begin earning money that can go into our pockets. You see, yesterday was the Cost of Government Day. It was the day that you finally paid off your “obligation” to the government.

Okay, fine, it wasn’t an actual holiday. But I still maintain that it’s more significant than some of the other holidays that are observed that me keep from doing my banking on those days.

Cost of Government Day is the day that Americans for Tax Reform calculated as being the day where the average citizen has worked enough to finally pay off the tax burden of federal, state and local taxes. According to the report, the average worker must work 197 days to pay off Uncle Sam. 88 days are necessary for federal tax burdens, 69 for regulatory tax burdens and 40 for state tax burdens.

There is no news yet as to how long the average citizen will have to work to pay off the “penalty” assessed by the IRS for failure to buy insurance.

According to the Americans for Tax Reform report,

“[The] 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 the spending and regulatory burden imposed by government at the federal, state and local levels…

In 2012, the average American will have to work an additional 29 days to pay off his or her share of the cost of government compared to ten years ago in 2002, when COGD was June 16. In fact, between 1977 and 2008, COGD had never fallen later than June 26. 2012 marks the fourth consecutive year COGD has fallen in July. The difference between 2008 and 2009—from June 23 to July 17—was a full 24 days. The increase was spurred by massive government intervention in the form of the Emergency Economic Stabilization Act (EESA) that created the Troubled Asset Relief Program (TARP) and passage of the American Recovery and Reinvestment Act of 2009 (ARRA). While 2012 marks the second consecutive year of an earlier COGD, this trend will only be temporary absent lasting and institutionalized spending reform. The start of the 2012 fiscal year came and went once again without a federal budget in place and the threat of bankrupt entitlement spending continues to loom large. What’s more, the largest tax hike in the nation’s history is scheduled to take place at the end of 2012 unless Congress acts to protect taxpayers. If this tax increase is allowed to hit, COGD could permanently be pushed back into August and beyond.”

I could have sworn that indentured servitude was outlawed in America… But yet, here we are, working to pay off our debt “owed” to a government that, with each passing day, is less and less concerned with the plight of the producers of society.

There is something inherently degrading about the prospect of working to house and feed yourself and your family, all-the-while knowing that your work is funding a government that openly advocates robbing Peter to pay Paul. While our government focuses on some misguided quest for social justice, they neglect those who make their crusades possible. Even worse, the government seems more and more preoccupied with inciting class warfare and scapegoating those doing the work as the problem.

Our society is in danger of collapsing on itself and a shift in priorities must occur in order to stand a chance at fixing this nation. November is just four short months away and we must spread the word to all that will listen; we are now spending more than half the year working to pay off the debt this government says we “owe” them. Considering that our president’s approval rating hovers below 50% and Congress’ is in the teens, I suggest that as they’re not doing the job we expect of them, they owe us. However, in the spirit of compromise, I’ll settle for a change in regime.

 

This entry was posted in Economy, Entitlements, Government, News, Spending, Taxes and tagged , , , , , , , , . Bookmark the permalink.

One Response to Happy (Belated) Cost Of Government Day

  1. Lunatic Fringe says:

    Welcome to Obama’s America fellow serfs.

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