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an effort to create searchable online databases for government expenditures
a tool to highlight the hypocrisy of tax hikers
Constitutional or statutory requirement to rein in growth of revenues end expenditures
a commitment made by elected officials and candidates for elected office never to raise taxes
Raising the bar for tax increases
Requiring a cool-off period for all bills with a fiscal impact
pork-barrel spending - the broken windows of the budget
Dan Mitchell Asks: How Will You "Celebrate" COGD?
Friday, August 12, 2011 10:56 AM
Dan Mitchell of the Cato Institute - a constant warrior in the fight for federal spending restraint - wrote about the Cost of Government Day report on his blog, International Liberty (which, if you're not following, you should be). Dan points out that the spending binges over the past decade arbitrated by both Bush and Obama have cost the average American 40 days of their labor:
Tomorrow, August 12, will be a wonderful day. Based on calculations from Americans for Tax Reform, we will have finally worked long enough to finance the total cost of government for 2011. This means the money we earn for the rest of the year will be for the benefit of our families – rather than for the clowns in Washington.
Of course, we actually pay for excessive government throughout the entire year, in the form of tax withholding, slower growth, diminished wages, and misallocated resources, but ATR’s “Cost of Government Day” is a helpful way of monitoring the total burden of taxes, spending, regulation, and intervention.
Dan asks how you will "celebrate" COGD. Anyone have big plans to commeorate casting off the government burden?
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