US DROPS AGAIN: We’re #25 in Annual Global Economic Freedom Index ‘Amid Mounting Deficit and Debt Burdens’

The United States has slipped to 25th place globally for economic freedom amid excessive government spending and a mounting debt crisis, according to The Heritage Foundation.

Another poison consequence of the Democrats’ war on America.

We’re No. 25: US slips again in annual global economic freedom index ‘amid mounting deficit and debt burdens’

The global economy is ‘mostly unfree,’ according to a new index of economic freedom

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The U.S. has fallen again in a recent index of global economic freedom that noted economic freedom worldwide has declined to its lowest point in two decades.

The Heritage Foundation’s 2023 Index of Economic Freedom, which evaluated economic policies and situations in 184 nations from July 1, 2021, to June 30, 2022, found a worldwide economy that is “mostly unfree,” according to an executive summary of the report provided to Fox News Digital.

The report made special note of the declining position of the U.S., which slipped to 25th place globally because of what researchers described as the country’s runaway government spending amid “mounting deficit and debt burdens.”

“This really should be a wake-up call if you’re looking at the United States,” Joel Griffith, a research fellow in the Thomas A. Roe Institute for economic policy studies at The Heritage Foundation, told Fox News Digital. “We’ve been doing this report now since the 1990s, and based on our metrics, this is the lowest the United States has ever ranked in the index as far as the total score.”
The U.S. federal government will accumulate $19 trillion in debt over the next decade, according to a recent estimate from the CBO.

The U.S. federal government will accumulate $19 trillion in debt over the next decade, according to a recent estimate from the CBO. (Fox News Photo/Joshua Comins)

“Especially notable is the continuing decline within the ‘mostly free’ category of the United States, whose score plummeted to 70.6, its lowest level ever in the 29-year history of the Index,” researchers wrote. “The U.S. is now the world’s 25th-freest economy. The major causative factor in the erosion of America’s economic freedom is excessive government spending, which has resulted in mounting deficit and debt burdens.”

The U.S. dropped from the 20th to the 25th spot in the index since last year. Other nations experienced worse downward trends, which reportedly prevented the U.S. from sliding further down the rankings.

The U.S. federal government will accumulate $19 trillion in debt over the next decade, according to a recent estimate from the CBO.

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From a Remote Location

1 year ago

I keep saying: Anyone that voted Democrat – ANY Democrat – voted for all this. They made their bed, they should lie in it. Forever.

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D

PlatinumGhost

1 year ago

Reply to  From a Remote Location

It’s just to bad we who didn’t vote for this, have to lie in it with them.

6

fir1

1 year ago

Reply to  From a Remote Location

Problem is we all get dragged into or down with it

0

Walter Sieruk

1 year ago

Joe Biden with his constant socialist meddling and interfering in the American free enterprise system.is wrecking the economy of this nation.

Biden even destroyed the business of that northern oil pipeline causing many American workers to lose their much-needed jobs. Likewise making the United States once again dependent on foreign oil.

That was one of many factors that contributed high price of gas and groceries.

It was reported on the news the this very high price of fuel .cost men driving trucks for a living so spending as much a one thousand dollars to fill up the gas tanks of their truck, causing many of them to go out of business thus losing their jobs . This is one reason foe high food prices and barren shelves at the grocery market.

Related to this is that by Biden pushing and even attempting to force socialism of the United States economic system also inflection at the grocery store and because many empty shelves, People never saw empty shelves during the Trump administration.

This Bogus US “President” must be deliberately attempting to harm this nation. What a treasonous villain he is.

Other villains who ,”behind the curtains ,” are other treacherous dangerous villains who use this puppet “president” as their useful idiot and tool as one of their weapons against America.

1

Walter Sieruk

1 year ago

The ancient Greek Philosopher, Plato, did have a good valid point when he had written “The measure of a man is what he does with power.”

When applying that wise statement to Joe Biden, his “measure” is more than lacking, it’s outright terrible.

From his wrecking the economy of the United States and making the United States dependent on foreign oil.

1

Snowedin

1 year ago

As long as the progressive, commie, demos, and the RINOs, like the CCP owned turtle ate in power the US as a nation will continue to be in a decline.

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PatD

1 year ago

Thank a dumocrap every time you meet one.

1

Staff SgtChaos

1 year ago

Consequence of the Democrats’ war on America. Yet they sit in luxury and comfort and watch our Country be destroyed which they did and laugh about it.

Last edited 1 year ago by Staff Sgt Chaos

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fir1

1 year ago

But hey here’s another couple of billion to prop up the Ukraine – or how bout a few more hundreds of millions of dollars for other foreign countries – BORDER SECURITY –

0

Grendel

1 year ago

They are at WAR with the Republic …… when will Republicans start laying charges of TREASON

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VTS

1 year ago

Every time democrooks are in charge, America goes down.

1