Yes, the government ledger service slows the economy in Q1

For those of you wondering why Q1 is the worst growth month, it is because of government.

Here we see Obama approval ratings drop in November when the Obamacare tax hikes are announced.  Then comes Jan when the sign up is due and payment begin.  Obamacare takes away one quarter of economic activity, thus responsible for about 3/4 of a point in lost growth.