{"id":572055,"date":"2021-06-23T16:37:45","date_gmt":"2021-06-23T20:37:45","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=572055"},"modified":"2021-06-23T16:37:52","modified_gmt":"2021-06-23T20:37:52","slug":"economic-freedom-index-shows-the-united-states-posting-worst-performance-ever","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economic-freedom-index-shows-the-united-states-posting-worst-performance-ever\/","title":{"rendered":"\u2018Economic Freedom Index\u2019 Shows The United States Posting Worst Performance Ever"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feconomic-freedom-index-shows-the-united-states-posting-worst-performance-ever%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=572055&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-1215016310-1200x800-1.jpg\" class=\"ff-og-image-inserted\"  style=\"display:none\"><\/div>\n<p><span>Every year, the Heritage Foundation\u2019s \u201c<\/span><a href=\"https:\/\/www.heritage.org\/index\/\"><span>Index of Economic Freedom<\/span><\/a><span>\u201d ranks countries according to their friendliness toward free market principles. Even as most nations maintain their economic freedom, the United States is falling behind.\u00a0<\/span><\/p>\n<p><span>According to the conservative think tank, most global economies have remained \u201cmoderately free\u201d since last year\u2019s report. At the same time, the 2021 index shows that the United States <\/span><a href=\"https:\/\/www.heritage.org\/press\/2021-index-economic-freedom-global-economic-freedom-remains-all-time-high-us-drops-all-time\"><span>recorded<\/span><\/a><span> \u201cits worst score and ranking ever, a result of out-of-control spending and a loss of confidence by Americans in the even-handed rule of law.\u201d<\/span><\/p>\n<p><span>With a score of 74.8, the United States earned the 20th slot among the 178 countries that Heritage considered. The score assigned to the United States decreased by 1.8 points from 2020, causing it to slide from 17th place. Currently, the United States trails Canada and Chile as the third highest-ranked nation in the Americas.\u00a0<\/span><\/p>\n<p><span>\u201cThe major obstacles to greater economic freedom in the United States continue to be excessive government spending, unsustainable levels of debt, and intrusive regulation of the health care and financial sectors,\u201d reads the United States\u2019 <\/span><a href=\"https:\/\/www.heritage.org\/index\/country\/unitedstates\"><span>profile<\/span><\/a><span>.\u00a0<\/span><\/p>\n<p><span>The United States carries relatively high rankings for categories such as business freedom, property rights, and labor freedom. However, the United States\u2019 ranking for fiscal health significantly <\/span><a href=\"https:\/\/www.heritage.org\/index\/visualize?cnts=unitedstates&#038;type=12\"><span>lags<\/span><\/a><span> global averages.\u00a0<\/span><\/p>\n<p><span>The average world fiscal health score is 74.2. The United States has a score of 34.9 \u2014 a drop of 19.4 points in a single year.<\/span><\/p>\n<p><span>President Trump and President Biden both <\/span><a href=\"https:\/\/www.dailywire.com\/news\/comparing-trump-and-bidens-covid-relief-bills\"><span>passed<\/span><\/a><span> omnibus stimulus packages to address the economic fallout from COVID-19. The Trump administration\u2019s <\/span><i><span>CARES Act<\/span><\/i><span> spent $2.3 trillion, while the Biden administration\u2019s <\/span><i><span>American Rescue Plan<\/span><\/i><span> spent $1.9 trillion.<\/span><\/p>\n<p><span>Even as the United States carries a national <\/span><a href=\"https:\/\/www.usdebtclock.org\/\"><span>debt<\/span><\/a><span> of $28.4 trillion and observes rising <\/span><a href=\"https:\/\/www.dailywire.com\/news\/breaking-april-inflation-surged-to-highest-level-in-decades-as-biden-set-to-unveil-6t-budget\"><span>inflation<\/span><\/a><span>, President Biden submitted a $6 trillion federal <\/span><a href=\"https:\/\/www.dailywire.com\/news\/5-things-you-need-to-know-about-bidens-latest-budget-proposal\"><span>budget<\/span><\/a><span> to Congress \u2014 a proposal that includes his <\/span><a href=\"https:\/\/www.dailywire.com\/news\/nonpartisan-economists-say-bidens-infrastructure-plan-will-decrease-economic-growth\"><i><span>American Jobs Plan<\/span><\/i><\/a><span> and <\/span><a href=\"https:\/\/www.dailywire.com\/news\/bidens-american-families-plan-is-far-from-a-new-deal-economic-boon\"><i><span>American Families Plan<\/span><\/i><\/a><span>.<\/span><\/p>\n<p><span>Although most of the world retained its \u201call-time high\u201d support of free markets, Heritage remains concerned that governments\u2019 financial responses to COVID-19 could pose risk to sustained economic freedom.<\/span><\/p>\n<p><span>\u201cRegrettably, some of the policy measures undertaken or planned by governments around the world in response to the global health crisis run the risk of undermining economic freedom and, thus, long-term economic growth and prosperity,\u201d the Index of Economic Freedom editorial team explained in a press release from Heritage. \u201cPolicymakers cannot simply spend their way back to prosperity after the toll that public health responses have taken on local economies. For a meaningful economic recovery, economic freedom must not be curtailed by extended government emergency powers.\u201d<\/span><\/p>\n<p><span>Among the most improved countries in the index were Mongolia, Benin, Eritrea, Sierra Leone, Bahrain, Saudi Arabia, Solomon Islands, Barbados, and the Republic of Congo. Notably, Heritage refrained from ranking Hong Kong and Macau due to \u201cBeijing\u2019s growing control over the cities\u2019 economies.\u201d<\/span><\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every year, the Heritage Foundation\u2019s \u201cIndex of Economic Freedom\u201d ranks countries according to their friendliness toward free market principles. Even as most nations maintain their economic freedom, the United States &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2281143,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-1215016310-1200x800-1.jpg","fifu_image_alt":"\u2018Economic Freedom Index\u2019 Shows The United States Posting Worst Performance Ever","footnotes":""},"categories":[],"tags":[],"class_list":["post-572055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-1215016310-1200x800-1.jpg","fifu_image_alt":"\u2018Economic Freedom Index\u2019 Shows The United States Posting Worst Performance Ever","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/572055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=572055"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/572055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2281143"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=572055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=572055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=572055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}