America’s Rating as a Free Country Continues to Plummet

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This is a sad article for me to post….we are losing our freedoms folks.

Freedom can be defined in many ways. However, one of the greatest indicators of freedom and liberty is economic freedom. True free-market capitalism is the basis of individual liberty. However, America is no longer a top 5 contender, and we haven’t been for a years. Actually, America is barely even in the top 10. The 2012 Index of Economic Freedom study reports that America continues to fail. Who took first place in economic freedom in 2012? The

Source:http://www.gfmag.com/tools/global-database/economic-data/12067-economic-freedom-by-country.html#axzz2JI3AV7Pz

Source: http://www.gfmag.com/tools/global-database/economic-data/12067-economic-freedom-by-country.html#axzz2JI3AV7Pz

answer may surprise you. It was Hong Kong. Hong Kong’s score was an 89.9%, which was a 0.2% increase from 2011. Following Hong Kong in order: Singapore, Australia, New Zealand, Switzerland, Canada, Chile, Mauritius, Ireland, and finally America at number 10. America’s economic freedom score was a 76.3%, which is down 1.5% from 2011. In fact, America is no longer even rated as a “Free” nation, which is a title granted only to countries with a score above 80%, but a “Mostly Free” nation. Right behind America rated at number 11 is Denmark. Denmark places the highest total tax pressure on its citizens in the world.

This study takes the following 10 benchmarks into account when rating countries: Freedom from corruption, property rights, individual fiscal freedom, restrained government spending, monetary freedom, business freedom, labor freedom, trade freedom, investment freedom, and financial freedom. As mentioned earlier, economic freedom is more vast than it may sound on the surface. It includes all of the above benchmarks, which affect our everyday lives. Money is not the root of all evil; however it is at the root of our lives and if we are not economically free one must ask themselves if our freedom simply a fallacy. There are 9 other countries more economically free than America and our rating is dropping drastically. In 2010, America was rated number 8.  With the numbers trending down and all of the benchmarks trending towards negative values America’s rating should not be expected to improve when the 2013 ratings are released.

There can be no liberty unless there is economic liberty. -Margaret Thatcher

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Millions noticing paychecks lighter today, due to payroll tax hike

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What was that Obama said about not raising taxes on middle income people?

Gabriella Hoffman’s paycheck is a little lighter today, thanks to a payroll tax increase that is forcing millions of Americans to make the kind of tough budget cuts their representatives in Washington lawmakers seem unwilling to tackle.

Hoffman, a 21-year-old Virginian who works at a nonprofit, estimates her paycheck will be roughly $30 less this biweekly pay period, or about $780 annually, thanks to the end of a two-year cut on payroll taxes, which fund Social Security. The tax has risen back up to 6.2 percent from 4.2 percent, costing someone making $50,000 annually about $1,000 per year and a household with two high-paid workers up to $4,500.

“As a newly-graduated person, someone coming straight out of college, I don’t like the idea of having less money coming to me due to the selfish interests of people in Congress who don’t have any interest in reducing our financial problems,” Hoffman told FoxNews.com. “This is an impediment for future economic growth. It’s going to make it harder for young people like myself to get married, find a better job, you name it.”

Hoffman admits the hike won’t completely alter her spending, but the University of California-San Diego graduate said she will definitely have it in mind when it comes to leisure activities and entertainment.

“Although it’s a small quantity on a monthly basis, just having less money going into my paycheck will prevent me from doing things and force me to be more frugal,” she said. “I’ll be more cautious with my spending.”

The looming hit to Americans’ paychecks has been a hot topic around water coolers nationwide, as well as online, where several forums have been created for taxpayers to commiserate with their lighter wallets. On Twitter, #WhyIsMyPaycheckLessThisWeek has been a trending topic as most U.S. workers have either already seen less green or are preparing to do so.

“Well, looks like we’re starting to pay back all of the money we’ve spent, without cutting back spending,” one posting read.

Another user cited the need for the U.S. government to “refill the Social Security ‘lockbox’” before stealing from it again as the reason paychecks are smaller.

Obama has hired 101 new federal employees A DAY since taking office

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KRIS-TV (How many public employees does it take to watch a backhoe dig a hole?)KRIS-TV (How many public employees does it take to watch a backhoe dig a hole?)

You may have noticed some economic difficulties across the country in recent years among family, friends, neighbors, colleagues. One sector is doing quite nicely, however, under Barack Hussein Obama.

In the 1,420 days since he took the oath of office, the federal government has daily hired on average 101 new employees. Every day. Seven days a week. All 202 weeks. That makes 143,000 more federal workers than when Obama talked forever on that cold day in January of 2009.

Under Obama the total federal workforce has surpassed two million for the first time since the first Clinton term, now sitting about the 2.2 ,million level.

Now comes a new poll revealing that Americans know what’s going on. A majority of Americans believes government workers make more money than private sector workers, according to the new Rasmussen Reports poll. Sixty-one percent of private sector workers believe that.

Surprisingly, Republicans, independents and Democrats are united in agreement that government employees have it better than private sector workers although, predictably, Dems are slightly less sure.

CBO: $1.17 trillion deficit for first eleven months in 2012

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I might add, this is the 4th year in a row we have had a deficit of $1 trillion or more.

The U.S. Treasury Department will report a $1.17 trillion deficit for the 11 month of the fiscal year this year, according to the CBO Monthly Budget Review.

This announcement comes on the heels of the U.S. debt surpassing $16 trillion at the beginning of September.

The $1.17 trillion is almost $70 billion less than where the U.S. stood at the same time last year. The CBO most recently projected a $1.13 trillion budget shortfall for fiscal year 2012, which will end at the end of September.

The 2012 budget defict is about $175 billion less than last year’s.

Budgetary issues took center stage after Mitt Romney tapped Paul Ryan as his running mate.

The Republicans showcased the debt clock at their national convention, while the Democrats kicked off their convention on the day the debt reached $16 trillion.

Ryan discussed the debt and fiscal policy Sunday on This Week with George Stephanopoulos.

“Here’s — let me say this. Our problem is not that we are overtaxed. We are overtaxed. Our problem is we spend too much money,” Ryan said.