Reality Check...

Subject: txt intl mny -

"Because of its repeated efforts to stimulate the economy through fiscal policy, Japan now faces a serious debt problem (Japan's debt-to-GDP ratio has nearly doubled in the last decade, rising from 0.58 in 1991 to 1.1 in 2000)."

Robert H. Rasche and Daniel L. Thorton of the
Federal Reserve Bank of St. Louis, written in 2001.

Long-Term US Federal Debt Projections ("Alternative" policy being more likely)

Source: General Accounting Office.


Percentage growth in real (inflation adjusted) GDP per capita from 1991 to 2000

• In South Korea: 52%.
• In the US: 24%.
• In France: 16%.
• In Japan: 7%.

Source: Computed from US Statistical Abstract, Table 1306
.