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http://www.accountingweb.com/cgi-bin/item.cgi?id=100330

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For the first time ever, the U.S. does not rank among the world's 10 freest economies in the Index of Economic Freedom, published annually by The Heritage Foundation and The Wall Street Journal.

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The U.S.' score in the 2005 Index did not change from 2004. But improvements in the economies of Chile, Australia and Iceland enabled all three to surpass the U. S., leaving it in a tie for 12th with Switzerland and out of the top 10 for the first time in the 11-year history of the Index.

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"The United States is resting on its laurels while innovative countries around the world are changing their approaches and reducing their roadblocks," said Marc Miles, a co-editor of the book, along with Ed Feulner and Mary Anastasia O'Grady. "The U.S. is eating the dust of countries that have thrown off the 20th-century shackles of big government spending and massive federal programs."
Anyone surprised?
 

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Considering how much of total government spending is eaten up by interest on the debt (20% of our entire federal budget), debt radically increased by Reagan, Bush I and Bush II, no I'm not surprised.

Of course this increases the 'government fiscal burden'. But who cares, as long as the billionaires get their tax cuts, right?

Oh yeah, and remember: "Reagan proved deficits don't matter." VP Cheney
 
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