It will go up here at BizzyBlog on Thursday (link won’t work until then) after the blackout expires.
“Tax Freedom Day®” per the Tax Foundation is today, and arrives at about noon.
As noted at the column, “Government Spending Freedom Day” (my term), which incorporates the full effect of the estimated federal government deficit of $1.2 trillion, is May 19.
“We Finally Have Our Lives Back Day” (also my term), which takes into account the roughly $2 trillion annually in direct and indirect costs of federal, state, and local regulations, will arrive on about July 11.
The sum of Tax Freedom Day’s 107 days plus the 53 days cited in the column for regulatory busywork and compliance is 160 day. If you spend almost half of your time either working for the government or complying with its wishes, is it still fair to say that we are a free people?
The 32 days relating to the deficit are days we’re forcing future generations, including those which haven’t yet entered this world, to work to pay for our current government’s excesses. Obviously, we don’t have their permission. It’s one thing to push a few days on them in the name of making or preserving a better world (e.g., productive research, necessary and justifiable wars). It’s quite another to push over one month per year on them for the past four years (including fiscal 2012) just to fund a bloated government’s routine functions.
To the extent that it’s expressed at all, the outrage is insufficient.