Yes, I know, the market remains in the tank, jobless numbers are up, and the world economy looks like it is on the brink of recession 2.0. But a week ago, we could begin smelling freedom in the air. As Grover Norquist and Patrick Gleason explain:
This year Cost of Government Day arrived Aug. 12 — meaning that the average American toiled 224 days to foot the bill for this year’s total cost of government. Of those 224 days, 103 went toward federal spending, and 44 days for state and local spending. The regulatory burden, coming in at $1.8 trillion, took up an additional 77 days of work….before President Barack Obama took office, Cost of Government Day never fell later than July 21.
Of course, the smell of freedom remains distant for residents of the fine state of Connecticut, where I live.
As for residents of Connecticut, the state with the latest Cost of Government Day for the past two years running, they won’t finish paying their tab until next month – Sept. 10.
Given that when I moved to Connecticut (in 1989) there was no income tax, this is quite a achievement. Those of you who are not living in Connecticut should raise a glass to the principle of self-ownership and one properly braced, consider the annual Cost of Government Day report (available here).
Free at last, free at last…