The 1987 movie, Planes, Trains and Automobiles, featured a scene in which John Candys character is driving the wrong direction on an interstate while Steve Martins character sleeps in the passenger seat. A concerned motorist on the proper side of the highway pulls alongside the wayward vehicle and begins honking, then rolls down his window and hollers, Youre going the wrong way. To which Mr. Candy replies, How would he know where were going?
The scene comes to mind amid the release this week of the Heritage Foundations economic freedom index. Were going the wrong way.
The Hill reported Wednesday that the United States slipped six spots from last year, coming in at 17th among 180 countries. The nations 75.1 ranking out of 100 a dead-solid C is its worst ever showing and continues a trend in which the United States has moved backward in eight of the past nine years.
Hong Kong, Singapore and New Zealand topped the list, with respective scores of 89.8, 88.6 and 83.7. Switzerland (81.5) and Australia (81.0) were the only other countries to score 80 or more, the studys threshold to be considered economically free. Countries between 70 and 79.9 are considered mostly free.
The United States: Land of the mostly free. Pretty inspiring.
The index is weighted in 13 components, and the United States fared miserably in three of those areas: tax burden (65.3), government spending (55.9) and fiscal health (53.3). On the bright side, however, improvements in all three of those issues could be on the horizon.
President Donald Trump and the Republican-controlled Congress have already stated their intention to pass long-overdue tax reform. The president has also spoken in no uncertain terms about peeling back bloat in government spending and staffing, as the federal debt approaches $20 trillion.
Should Congress and the president successfully steer through saner tax policy and more sound spending legislation, Americas flat-lining F score of 53.3 in fiscal health will also almost certainly improve.
Its a simple formula. Now, Congress and President Trump need to slam the brakes on this careening car, do a quick U-turn and start accelerating in the right direction. Make America great again? An obvious place to start would be to make this country economically free again.
Read this article:
- Patriots For Economic Freedom [Last Updated On: December 8th, 2016] [Originally Added On: December 8th, 2016]
- Fiscal Freedom and Financial Literacy Campaign :: City of ... [Last Updated On: December 30th, 2016] [Originally Added On: December 30th, 2016]
- To see how a bill becomes law, follow the money - News Sentinel [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Economy to grow more than 7 per cent next fiscal: Shaktikanta Das - The Indian Express [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Making the case for an RBI rate cut - Livemint [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Cotton Calls for a $26B Uptick in Planned Defense Supplemental - USNI News [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Making A FOIA Request Is About To Get Tougher At FBI - Daily Caller [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Guest Article: Capitulation before the First Shots Are Fired - Somewhat Reasonable - Heartland Institute (blog) [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- U.S. Air Force extended some 800 million yen in funds to 128 ... - The Mainichi [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Greece and the Folly of Trying to Solve an Overspending Problem with Tax Increases - People's Pundit Daily [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Hill Republicans quake at Trump's budget-busting wish list - Politico [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Key conservative open to insurer payments during ObamaCare transition - The Hill [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Historic audit of illegitimate debts - Inquirer.net [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Fiscal Freedom: How Tax Burden Affects Economic Freedom [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Police Criticized as Violence Continues in Brazil's City of Vitria - The Rio Times [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Business divided on Malloy budget - CT Post [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- The United Kingdom and the Benefits of Spending Restraint - Cato Institute (blog) [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Trump Threatens to Cut Off Government Funds to Universities, and Why Not? - PanAm Post [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- For Philly Cops Already Awash in Overtime Pay, Another Boost -- Thanks to Trump - NBC 10 Philadelphia [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Fiscal Freedom | Prometheism.net - Part 2 [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Personal finance lessons from the Budget - Hindu Business Line [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- The United Kingdom and the Benefits of Spending Restraint - People's Pundit Daily [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- MEL STA. MARIA | The 1987 Freedom Constitution should not be changed - InterAksyon [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Venezuela now leads US asylum requests as crisis deepens - Philly.com [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Promoting fiscal discipline - Daily Excelsior [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- The GOP's Big Tax Dilemma: Repealing Obamacare Taxes - The Fiscal Times [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- Why Liberty Advocates Should Focus on Spending Restraint over Tax Hikes - PanAm Post [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- What the papers say: Britain's soaring EU budget bill shows Brexit can't happen soon enough - Spectator.co.uk (blog) [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- Meet The Venezuelan-Born Mom Who Ran For State Senate To Stop Socialism - The Federalist [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- GOP defense hawks barely squawked on Mulvaney nomination - Washington Examiner [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- Floyd Bledsoe urges Kansas to compensate the wrongfully convicted: 'I lost my freedom' - The Garden City Telegram [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Are Republicans Losing Momentum on Obamacare Repeal? - The Fiscal Times [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Study: US falls to 17th place in 2017 global economic freedom index - Economic Collapse News [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Mason Fiscal give WVFD go-ahead - Ledger Independent [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Officials Continue to Dodge Attempts to Disclose Use of Stingrays - Reason (blog) [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- 10 Things to Know About Stephen Feinberg, Trump's Potential Intelligence Czar - The Fiscal Times [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Mason Fiscal gives WVFD go-ahead - Ledger Independent [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Senate Confirms Fiscal Hawk Mick Mulvaney As Trump's Budget Director - New York Magazine [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Thank You, Obama: US Steadily Lost Ground On Economic Freedom Over Past 8 Years - Investor's Business Daily [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- Scott Pruitt: 5 Fast Facts You need to Know - Heavy.com [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- Liberia Ahead Of Ukraine In Index of Economic Freedom 2017 - Global News Network [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- US Economic Freedom Hits Historic Low - theTrumpet.com [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- Sounds of freedom rattling to far reaches of area - Jacksonville Daily News [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- State lawmakers looking at forced treatment as option to combat opioid crises - Pittsburgh Post-Gazette [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Sri Lanka's govt. integrity, economic freedom deteriorate - Daily Mirror [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Budget 2017: Why taxes will increase - DA - Politicsweb [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- PH up by 12 notches in Economic Freedom Index 2017 ranking | SunStar - Sun.Star [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- County Commission Backs Medical Marijuana, Opposes School Vouchers - Memphis Daily News [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- Kellogg column: Our culture must shift from dependent to interdependent - Glenwood Springs Post Independent [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- India's economic freedom plunge | Business Standard News - Business Standard [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- Ohanaeze president worried about maltreatment of pro-Biafran members worries - Guardian [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- Why is a freedom enshrined in the UN declaration of human rights ... - Stabroek News [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- Gambia: Gambian Man Living In The United States; Former Jammeh Aide Sanna Jarju Named In A Multi million dollars ... - Freedom Newspaper [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- Gauging the Trump Effect on Congress and the DOJ - Freedom Leaf (press release) (blog) [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- PH leaps in economic freedom; 'yes' to calls for lasting peace - Manila Bulletin [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- Ohanaeze Ndigbo decries violence against MASSOB, IPOB - Vanguard [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- PH leaps 12 places in 2017 Economic Freedom Index - Filipino Reporter [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- Read Scott Walker's Advice on How Republicans Should Handle Protests - TIME [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- JCPenney to close 13 to 14 percent of stores - Rome Sentinel [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- Dj vu all over again - The Capitol Fax Blog (blog) [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- Solution created for county builders - Morehead News [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- Economic Freedom Up Again, But Not in the US - Investor's Business Daily [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- Expect the unexpected with upcoming budget, appropriations cycle, experts say - FederalNewsRadio.com [Last Updated On: February 25th, 2017] [Originally Added On: February 25th, 2017]
- Pleading poverty, demanding new taxes - Washington Times [Last Updated On: February 27th, 2017] [Originally Added On: February 27th, 2017]
- Newspaper lobby seeks Albany allies in fight for sunlight over state finances - Lockport Union-Sun & Journal [Last Updated On: February 27th, 2017] [Originally Added On: February 27th, 2017]
- Philippines Improves in Economic Freedom ranking | CFO innovation - CFO innovation ASIA [Last Updated On: February 27th, 2017] [Originally Added On: February 27th, 2017]
- California lawmakers press ICE for information about raids - The Mercury News [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- ExclusiveRep. Meadows: We Won't Fix Healthcare By Replacing Obamacare with Another Bad Plan - Breitbart News [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- Economic Freedom - HATICE KARAHAN - Yeni afak - Yeni afak English [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- California 'Trust Women' License Plates to Help Pay for Reproductive Care in Trump Era - Rewire [Last Updated On: March 1st, 2017] [Originally Added On: March 1st, 2017]
- Reader Viewpoint: Recognizing our imperfections, tribulations allows us to be wise - The Herald Bulletin [Last Updated On: March 1st, 2017] [Originally Added On: March 1st, 2017]
- The Staggering Costs of Operating Air Force One - The Fiscal Times [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- How a Tenet of GOP Orthodoxy Slipped Away - Roll Call [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- Who is the enemy? - Emporia Gazette [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- Wake Up, Republicans: This Could Be the Democrats' Tea Party - POLITICO Magazine [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- Pakistan ranked ahead India in Economic Freedom Index report ... - ARY NEWS [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- Excess rules stifle freedom - The Robesonian [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- Law & (Executive) Order - Patriot Post [Last Updated On: March 3rd, 2017] [Originally Added On: March 3rd, 2017]
- A Closer Look at Trump's 10% Defense Spending Increase - Morningstar.com [Last Updated On: March 3rd, 2017] [Originally Added On: March 3rd, 2017]
- Parks and Recreations department outlines vision - Virginia Gazette [Last Updated On: March 3rd, 2017] [Originally Added On: March 3rd, 2017]