Thursday, July 08, 2004

Cost of Government day in the US



It's different for each state.
The group has issued cost-of-government reports for the past 12 years, and has studied data going back 27 years. Since 1977, the soonest Americans were able to pay off the cost of government was June 28 in 2000, the group said. It took until July 19 in 1982, the latest date the group has identified.

Because of varying tax and spending burdens, some states reach the cost-of-government date faster than others. Alaska reached it the fastest this year, on June 16. Connecticut, with the heaviest burden, will not reach its cost-of-government date until July 29. For Washington, D.C., the date is July 27.