In a new article in the Washington Examiner, “For a frugal Gal, I have got a lot of debt,” Tina Korbe discusses the merits of the Government Cost Calculator at MyGovCost.org:

“Among my friends, I�m known for my frugality. I budget scrupulously, log every purchase I make in a ledger and often forego even the littlest luxuries. But according to the recently launched Government Cost Calculator on MyGovCost.org, I�m in major debt.

“Thanks to unprecedented federal spending, the current $13.4 trillion national debt will grow to more than $23 trillion by 2020, according to the Congressional Budget Office. As a result, according to the Calculator, I face a lifetime tax burden of $633,835. That figure doesn�t even represent my full debt obligation�just the taxes I will likely pay based on my level of educational attainment, age and current income. A few minutes ago, I was excited to be a 22-year-old, recent college graduate with a reasonable annual salary. I�m not as excited now.

“But, according to its creators at The Independent Institute, including economists Emily Skarbek and Craig D. Eyermann, that�s the whole point of the Government Cost Calculator�to wake us up. . . .”

For the full article, please click here.