Japan: Why Do You Make It So Hard?
The new PM in Japan, Naoto Kan, says Japan could be another Greece.
Japan’s public debt, at $9.7 trillion, was close to twice its gross domestic product in 2009.
Kan wants to avoid the Greek situation by cutting back on public work projects and deregulation and less reliance on debt, BUT to create economic growth he thinks the government should raise taxes and invest “heavily in new fields like health and the environment, a move he says will create jobs, raise incomes and bring about economic growth”
Why do you make this so hard? The answer is just the opposite:
- continue deregulation
- lower taxes
- cut growth of debt by staying out of spending money on pet projects
I see no hope for Japan or any government until they learn to shrink government and attempt less. We’ve seen in this country that government doesn’t keep us safe. Think Bernie Madoff and the SEC, failing banks and the Federal Reserve, gulf oil spill and the Dept of Interiors.
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