FUNDAMENTALLY TRANSFORMED: The United States has slipped to its lowest level in world rankings of economic freedom.

In the latest report, the U.S. ranks 17th out of 180 countries with an economic freedom score of 75.1 out of 100. Last year, the U.S. ranked number 11.

Hong Kong, Singapore and New Zealand topped the list, with respective scores of 89.8, 88.6 and 83.7. Other countries that placed ahead of the U.S. included Canada, Taiwan and Britain, among others.

The Heritage report said countries with scores between 80-100 are considered economically “free,” while countries scores between 70-79.9 are considered “mostly free.”

“Land of the mostly free” is not how I was raised.