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New tool for illustrating how much money government spending is taking out of our pockets

Personalized calculations brings these costs down to earth

I wanted to alert our RedState community to the launch of a new interactive website that exposes us all more directly to the cost of our massive government spending.

The site, called MyGovCost.org, moves beyond simply clocking the aggregate deficit, and instead enables people to calculate the cost to themselves of various federal programs.

Quoting from an announcement of the site’s launch:

After a visitor to MyGovCost.org enters his or her age, income, and level of education, the website’s Government Cost Calculator estimates the person’s monthly and lifetime federal tax liability (in total or by federal program), along with the amount of money that he or she might have earned had those funds been invested in the stock market instead of going to pay for Uncle Sam’s spending habits.

The usefulness of this site as I see it is that by calculating on an individual basis the true cost of federal programs, we can see more graphically how much Congress and the President are wasting our money and our children’s money – a novel approach that drives home the message in a tangible way that talking about trillions of dollars of debt can’t do because the numbers are just too huge to comprehend.

This site would appear to be a powerful new tool in our efforts this November (and beyond) to get the American people to understand just how horrendous and costly has been the Democrats’ spending frenzy. And since this is a brand new site, I would hope that those here who find this site useful would help spread the word about it.

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I’d also like to give a plug for the creators of this site, the Independent Institute, a libertarian think tank headquartered in Oakland, CA with whom I have personal acquaintance at several levels (but not as an employee nor do I have any financial interests in their operation). I’ve been impressed by their level of scholarship (though I do have serious issues with their foreign policy bent), and my son participated in their Summer Seminar this past June.

COMMENTS

  • http://www.redstate.com/etcartman Kenny Solomon

    Drop in some info, get the results, print the screens and show it all to your administration-supporting relatives and friends each and every time they start in on you.

    As for me…… Age – Check ; Level of education – Check ; Income – Oops, I’m a victim of Obamanomics and still unemployed (2 months now).

    Heh…… I’ll just make up the numbers.

    Why not ?….. The administration does. ;)

  • gremlin1974
  • eastbaylarry

    This may be just what I need to get my 23 year old step son motivated to register and vote.

  • Common_Cents

    Isn’t it ironic that big government passes all these laws for evil banks, credit cards, food manufacturers to have simple disclosures such as rate sheets and nutritional panels. Simple disclosure for the consumer. Consumer protection. Know what you are paying. Hey, all a good thing, right?

    But the very big government does everything it can to hide how much money they are taking from YOU. Big government makes OTHERS take your money for them. Embedded gas taxes, withheld income taxes, escrowed RE taxes, collected sales taxes, on and on and on and on. Get the picture? You get hit every day, nickel and dimed wayyyy beyond income tax. I would even hate to add it up, I just might blow a gasket.

    Does anyone have a site that estimates total taxes or lists all the different types of taxes one encounters? city, state, federal? I remember seeing something like that out there.

    Doesn’t the government work for us? Big government should be REQUIRED to send US a monthly/YTD report of ALL taxes we have paid.

    Heck, they can’t even tell us where TARP went, or where the “stimulus” pork payola went! It’s about time big government was forced to apply consumer protection and disclosure laws unto itself.

    • Common_Cents

      The guy came out of nowhere and got 19% of the vote. Yeah, he was pretty much responsible for Clinton, but his infomercials breaking down the dizzying numbers in ways every American could understand was powerful.

      Instead of the deficit being billions and our debt being trillions. Those big numbers don’t mean much anymore as we are all desensitized and the average American couldn’t grasp the difference between a billion and a trillion. We hear them too often and are desensitized.

      But tools like you posted that break those large numbers down in to how they affect us INDIVIDUALLY have much more impact. I hope more of this gets out to turn the light on those cockroaches in DC.

      Good find CT.