The Wall Street Journal and Heritage Foundation (A conservative think tank) just came out with their most recent Index of Economic Freedom. This index measures relative economic freedom people of each country have. This study is performed by economists from around world.
The study takes into account too many factors to list here: Taxes, corruption, government spending, property rights, regulations, barriers to business, tariffs, etc. The countries with best ratings are countries that have a free market economy and small governments. The countries with worst ratings have large and oppressive governments and a lot of barriers to free enterprise.
The Founding Father’s of this country envisioned a small government and a free market economy; unfortunately, our current politicians believe in large government and excessive regulation. The United States has fallen to being tied for 12th best country in regards to economic freedom. This poor ranking is due to excessive government spending and enormous deficits Republican and Democratic parties have managed to accumulate since World War Two.
According to research performed by these economists, 36% of entire GDP of United States is government spending. This is an amazing and frightening statistic. What this means is that government spends over one third of all money spent in this country. The other two thirds is spent by citizens of this country, ten million illegal aliens residing in this country, foreign tourists, and American and foreign businesses doing business in United States. Prior to World War Two, government spending in United States was under 4%! The government is growing at an alarming and unsustainable pace.
Both The Republican and Democratic parties believe in large government and increasing regulation. Neither party has made any attempt to do anything other then grow government. The main difference between two parties is what they want to spend our tax money on, not how much of our money, our children’s money, and our grandchildren’s money they want to spend. Both parties want to spend every dollar they get their hands on, this is not enough for them, so they are now borrowing from future generations.