by John Stossel
Last year, I reported that the United States fell from sixth to eighth place — behind Canada — in the Heritage Foundation/Wall Street Journal’s 2010 Index of Economic Freedom. Now, we’ve fallen further. In the just-released 2011 Index, the United States is in ninth place. That’s behind Hong Kong, Singapore, Australia, New Zealand, Switzerland, Canada, Ireland and Denmark.
The biggest reason for the continued slide? Spending as a percentage of gross domestic product. (State and local spending is not counted.)
The debt picture is dismal, too. We are heading into Greece’s territory.
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