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InsiderOnline Blog: August 2011

Happy Cost of Government Day!

Today is the Cost of Government Day—which means we’ve now earned enough income this year to pay for both this year’s direct government outlays and the regulatory burdens government imposes. Americans for Tax Reform calculates Cost of Government Day every year, and they’ve just put out their report on it. Cost of Government Day 2011 is two days earlier than least year, but still 33 days later than just four years ago. But get ready for Cost of Government Day to fall even later in the years ahead. According to the report, the Patient Protection and Affordable Care Act by itself will add 3.5 to 4.5 days to the time it takes to reach Cost of Government Day in 2016.

Posted on 08/12/11 02:36 PM by Alex Adrianson

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