cnsnews.com ^ | 12 July, 2012 | Sabrina Gladstone
"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 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 ...........".
"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.
(Excerpt) Read more at cnsnews.com ...
