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Americans to Reach Cost of Government Day July 15

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  • Description

    FBN’s Gerri Willis on how the government is wasting your tax money.

  • Duration 2:53
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-- calendars we've got a big holiday coming up this weekend Sunday July 15.

The nation can celebrate the cost of government today that is the point in the year we worked enough to pay for the spending and expensive regulations from the federal government the state governments -- local governments.

That means this year you'll have worked a 197.

Days on -- half.

Of the government.

The date it falls on is -- good measure for just how bloated the government spending has become.

This is the fourth straight year cost of government day that's fallen in July take a look at this this is a -- It till Obama took office.

It was late -- and or earlier and compared to just a decade ago.

You now have to work an additional 29.

Days to cover your share of our nation's bureaucracy.

We look at that it's just a public.

This all comes from the Americans for tax reforms annual report on the cost of government.

These details are a doozy.

The biggest driver of these costs is of course spending this year you worked a full 88 days just for federal spending and you worked another forty for your state and local.

But that's just the half of that a growing burden is the cost of government regulations.

69 days of the year goes to paying for back.

Regulations like Dodd-Frank -- -- -- love that the reams of rules from the EPA.

Which are bankrupting coal plants and of course July 15 is just the national average.

Taxpayers in Connecticut we'll have to keep working until August ninth.

Tennessee gets off easier if you live there -- been free since June 28.

Either way when you're celebrating ask yourself this just what kind of government -- you pay -- for.

One that thinks it's okay to spend 750000.

Dollars so detainees at Guantanamo Bay -- -- -- -- soccer field.

Not for the soldiers for the suspected terrorists.

Or over 175000.

To study the -- of cocaine.

I'm Japanese Quayle's.

Specifically whether or not it makes them engage in sexually risky behavior.

Really 135004.

Lay off the recession themed video game sounds like fun but not something I want to sponsor.

A thirty million dollar program to help -- see any farmers produce more mangoes.

And -- gets weirder and dumber all of the same time.

It was abandoned after one year causing many of the farmers to go into default.

And this three million dollars to study you remember this -- mobility where will we be without that video we wouldn't have a network.

We have some very highly trained cross stations out of -- I -- watch it all day.

But it could be here's a sobering thought -- tax -- getting hit those massive tax sights set to go off at the end of the year than the cost the government day.

Could be pushed back -- -- August and beyond no kitten permanently.

You know there's something seriously wrong when Independence Day July 4 is a whole month before you're done working on the government spent half.

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