I neglected to mention an important observance yesterday:
Cost of Government Day (COGD) 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.
Cost of Government Day for 2009 is August 12. On average, working people must toil 224 days out of the year just to meet all costs imposed by government. In other words, the cost of government consumes 61.34 percent of national income.
COGD is 26 days -- almost a full month! -- later this year than last year. Thanks so much, Presidents Bush and Obama!
