The Hill News

Each year Americans for Tax Reform Foundation authors the Cost of Government Day (COGD) report which measures the number of days worked to pay off the annual burden of government spending and regulation. In 2011, Americans have to work 224 days (through August 12) to support the government Goliath. For the third year in a row, government consumes Americans’ earnings at unprecedented levels. This year, Americans are left with a meager four and half months to earn enough to pay their bills and save for their own future.

While “stimulus” spending peaked in 2010 and the banking bailout “only” has a few billion left in projected outlays, federal spending has predictably not returned to manageable levels. Even though the “stimulus” spending binge was sold as a temporary fix to the country’s economic malaise, the Congressional Budget Office’s projections don’t bear this out; the federal government’s share of the economy is estimated to be at it! s lowest in 2014 at 23 percentâ€"over five percent higher than revenues’ historical average, and two percent higher than the spending average of the past forty years.

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