U.S. Falls out of the Index of Economic Freedom’s Top 10
AccountingWEB.com – Jan-6-2005 – For the first time ever, the U.S. does not rank among the world’s 10 freest economies in the Index of Economic Freedom, published annually by The Heritage Foundation and The Wall Street Journal.
The U.S.’ score in the 2005 Index did not change from 2004. But improvements in the economies of Chile, Australia and Iceland enabled all three to surpass the U. S., leaving it in a tie for 12th with Switzerland and out of the top 10 for the first time in the 11-year history of the Index.
“The United States is resting on its laurels while innovative countries around the world are changing their approaches and reducing their roadblocks,” said Marc Miles, a co-editor of the book, along with Ed Feulner and Mary Anastasia O’Grady. “The U.S. is eating the dust of countries that have thrown off the 20th-century shackles of big government spending and massive federal programs.”
Full Article: accountingweb.com
Yeah. The look we’re going for this year is ‘lean and mean.’
January 6th, 2005 at 4:13 pm
so is the the circular logic that means we must cut public spending even more because we are not competitive enough? hmmm – the transformation of the unted states into the military wing of a trans-national private corporate plantation. just like subcomandante Marcos of the Zapatistas has been forcasting.