Americans for Tax Reform
"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.
Cost of Government Day for 2011 is today, Friday August 12.
On average, workers must toil 224 days out of the year just to meet all costs imposed by government.
In other words, the cost of government consumes 61.42% of national income.
Since he took office, President Obama's administration has pushed the day all the way forward to August 12. Americans are now working 27 more days per year to pay for government spending and regulations than on the day Mr. Obama became president.
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