On our way to a socialist state we are leaving stark signposts of economic decline. Among the most important is our relative ratings and rankings over the years. Such data explain away why jobs are leaving these shores, and why they will not come back.
In the meanwhile, we are proud to announce that on 1 January 2012 the country added over 40,000 new laws and regulations to further corral our liberties, and our government’s spending now amounts to about 40% of GDP. The Left has plans to drive this wealth killing percentage even higher as the economy declines. A summary of the Economic Freedom Index is found in the 12jan12 WSJ (source of filched table above), and an excellent interactive report on the rankings and ratings is available on the Heritage website here. WSJ and the Heritage Foundation generate this index annually.
Attending yesterday’s Nevada County Tea Party Patriots luncheon and talk by Rep Tom McClintock (see NC2012 report here), we heard another stirring report of how some in the country are trying to get things back on the right track (pun intended). But we’ve been hearing these huuraahs now for some years (decades?). I would like to see a metric established by some conservative organization that tracks how many laws and regs got sunsetted during the last year, and how our Liberty Index has started climbing back up again. The rest of the podium bull pucky really doesn’t matter. For without knowing what's really happening, it just bandaids our growing misery. Let’s see if we can work on a new concept of what is a ‘productive legislature’ – and it ain’t one that every year papers the walls with more rules about things we can’t and must do.