Cost of Government Day is the day on which the average American has earned enough income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state and local levels.
This year Cost of Government Day arrived — finally! — on Saturday, July 13.
In other words, this year American workers are forced to labor 194 days out of the year just to meet all the costs imposed upon them by government.
And that’s just the average. Taxpayers in many states will have to work well past July 13 to pay for costs imposed by their bloated state governments. Notoriously high-tax, big-spending states such as California, Illinois and New York have some of the latest-arriving Cost of Government Days in the nation.
Worst of all is Connecticut — where residents must labor for the state until… August 31.
And if you feel that the burden has gotten worse during the past few years, you’re right. This year marks the fifth consecutive year that Cost of Government Day has fallen in July. Prior to the Obama Administration, the latest-arriving Cost of Government Day recorded was June 27.