Did you know, spending has gotten so out of hand that American's will work more than 6 months to pay off our government spending?
|
|
|||||
|
9 votes
|
|
82% | |||
|
2 votes
|
|
18% | |||
U.S. Capitol (AP Photo)
(CNSNews.com) – This year, Americans have to work until July 15 to pay for the burden of government, more than six months.
In a new report, Americans for Tax Reform (ATR) has calculated that Americans will spend a total of 197 days toiling to pay for the cost of government.
"Cost of Government Day 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," reads the report.
The report, Cost of Government Day, shows that Americans will work 88 days to pay for federal spending; 40 days for state and local spending; and 69 days for total regulatory costs.
Read More: http://cnsnews.com/news/article/americans-will-wor...
- Lina Blub 2012/07/13 17:03:04So?
pff :D just like in europe, plying up the bills till the bills collaps on u ;Dreply - Katfish 2012/07/13 15:22:54Wow.+1Probably more than that, it is not going to get paid.reply
- Jimbo 2012/07/13 14:59:51Wow.I thought it was more than that. Did you know only around 49% of Americans pay taxes? At least that's what some poll said.reply
- Ken 2012/07/13 14:57:09Wow.How is that so? Each year we are ending up with between $1 trillion and 1.65 trillion new debt, so it looks like it's more like 18 months, because we aren't paying our debt.reply
- Southern Man 2012/07/13 14:49:30Wow.That's good news I though it was more like a Year ..... This is so badreply
- ProudProgressive 2012/07/13 14:49:17So?Did you know that under President Obama we are spending at the LOWEST rate we've been spending at for the last 30 years?
reply - Souther... ProudPr... 2012/07/13 14:50:25Wow ... all I can say is WOW ...........reply
