U.S. Slips from No. 1 to No.7 in global economic rankings

So says a new report from the World Economic Forum  which found the U.S. slipping in dozens of areas compared with just a few years ago. Perhaps most troubling is the conclusion that since 2008, the United States has slid from No. 1 in the world in "global competitiveness" to No. 7 this year.

Out-ranking America are: Switzerland, Singapore, Finland, Sweden, the Netherlands and Germany.

Sure, it's just a number. But the WEF's ranking takes into account a broad range of factors, from debt to corruption to regulation to red tape to education to health care.

And virtually across the board, the U.S. is falling behind.

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