IS AMERICA LOSING GROUND BECAUSE OF DEMOCRATS ???

Womp, womp; The U.S. loses ground in economic freedom, again

http://hotair.com/archives/2013/01/10/womp-womp-the-u-s-loses-ground-in-economic-freedom-again/

Hot Air – Erika Johnsen – 1/10/2013

The Wall Street Journal and the Heritage Foundation have released their annual Index of Economic Freedom for 2013, and bad news, friends: More top-down regulations, more federal intrusion, expanded deficit spending, and heightened rent-seeking are in fact not conditions conducive to economic freedom.

Based on measures relating to the rule of law, limited government, regulatory efficiency, and open markets, the United States came in tenth place, following Hong Kong, Singapore, Australia, New Zealand, Switzerland, Canada, Chile, Mauritius, and Denmark.

The least-free countries were Venezuela, Zimbabwe, Cuba, and North Korea in dead last.

Registering a loss of economic freedom for the fifth consecutive year, the U.S. has recorded its lowest Index score since 2000. Dynamic entrepreneurial growth is stifled by ever-more-bloated government and a trend toward cronyism that erodes the rule of law.

Under Democratic President Barack Obama, the federal system of government, designed to reserve significant powers to the state and local levels, has been strained by the national government’s rapid expansion. Spending at the national level rose to over 25 percent of GDP in 2010, and gross public debt surpassed 100 percent of GDP in 2011.

Since reaching a global peak in 2008, the editors note, economic freedom has continued to stagnate

 

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