Ahh yes, Cost of Government Day. That gut wrenching, sickening day when “the average American worker has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government on the federal, state, and local levels.” Today is it, and
Cost of Government Day falls 26 days later than last year’s date, and it’s 23 days later than the previous all-time high of July 20, in 1982. There are numerous reasons for this explosive growth in government spending including TARP, the so-called Stimulus, and the big three auto “bailouts.” If Congress and the President had not pushed for TARP, Americans would have celebrated COGD on July 25 rather than on August 12.
Chug some Pepto Bismol and go here for more.