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OBAMA-LAND: AMERICANS TO WORK 6 MONTHS TO PAY COST OF 2012 GOVERNMENT……..

 

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Americans Will Work More than 6 Months to Pay Cost of Gov’t in 2012

(CNSNews.com) – This year, Americans have to work until July 15 to pay for the burden of government, more than six months.

In a new report, Americans for Tax Reform (ATR) has calculated that Americans will spend a total of 197 days toiling to pay for the cost of government.

“Cost of Government Day 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,” reads the report.

The report, Cost of Government Day, shows that Americans will work 88 days to pay for federal spending; 40 days for state and local spending; and 69 days for total regulatory costs.

“From a different perspective, the cost of government makes up 54.0 percent of annual gross domestic product (GDP),” reads the report. “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 [Cost of Government Day] could permanently be pushed back into August and beyond.”

More here.

5 Responses

  1. According to conspiracy theorists this is part of a 40 year old plot to ferment revolution by Saul Alinsky and other communists seeking to destroy capitalism from within.

  2. As the iron lady once stated:

    “Socialists cry “Power to the people”, and raise the clenched fist as they say it. We all know what they really mean—power over people, power to the State.”

    The United States needs an iron lady – not this glib community worker who just loves to spend other peoples’ money.

  3. As the iron lady once stated:

    “Socialists cry “Power to the people”, and raise the clenched fist as they say it. We all know what they really mean—power over people, power to the State.”

    At this critical stage in history, the United States needs its own iron lady – not this glib community worker who loves spending other peoples money.

  4. As the iron lady once said:

    “Socialists cry “Power to the people”, and raise the clenched fist as they say it. We all know what they really mean—power over people, power to the State.”

    With a gross national debt approaching 15 trillion dollars (that’s 15 times 1000 billion dollars), what the United States urgently needs is another iron lady – not a community worker who just loves spending other peoples’ money.

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