Cost of Government Day, as calculated by Americans for Tax Reform, falls tomorrow, Friday August 12. “This is the day on which the average American has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state, and local levels.”
This is “a full 27 days longer than 2008.” What’s worse is that further costs, via regulation alone, are built into the system for future years via regulatory burdens imposed by the Dodd-Frank financial bill and by Obamacare. Again, read the summary here. EPA regs also are in the offing, and of course the regulatory behemoth continues via the NLRB, the CPSC, the FDA, and others.
The Obama administration is filled with officious zealots who like to tell other people how to live. The result makes all of our wallets lighter, and erodes our freedom.
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