Just remember this when you hear Democrats go on about liberal policies for the economy.
Check it out:
According to the 2016 Index of Economic Freedom, an annual publication by The Heritage Foundation, America’s economic freedom has tumbled. With losses of economic freedom in eight of the past nine years, the U.S. has tied its worst score ever, wiping out a decade of progress.
The U.S. has fallen from the 6th freest economy in the world, when President Barack Obama took office, to 11thplace in 2016. America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts.
Since early 2009:
- Government spending has exploded, amounting to $29,867 per household in 2015.
- The national debt has risen to $125,000 for every tax-filing household in America—a total over $18 trillion.
- The government takeover of health care is raising prices and disrupting markets.
- Bailouts and new government regulations have increased uncertainty, stifling investment and job creation.
This is not something to take lightly. Economic freedom is the foundation of U.S. economic strength, and economic strength is the foundation of America’s high living standards, military power, and status as a world leader. The perils of losing economic freedom are not fictional.