From the CIA's website
Japan's external debt: $1.547 Trillion (30 June 2006)
Singapore's external debt: $24.3 Billion (2006 Est.)
For a little sense of perspective
China's external debt: $305.6 Billion (2006 Est.)
America's external debt:$10.04 trillion (30 June 2006 est.)
Japan's 40 times as big as Singapore in terms of
population, but their external debt is around 70+ times bigger.
As demonstrated by the recent economic crisis, Japan's
supposedly "honorable" government is sustained by a false debt
pillar. It's how they're sustaining their lifestyle.
The US government may owe the Japanese government money, but the
Japanese banks are owing the US banks in turn.
The problems with the anti PAP people in this forum is that they
somehow believe immediate removal of the PAP can somehow conjure
money out of nowhere.
Well, technically any opposition that takes over can
really conjure money and give us a fake impression of an economy
boom. But it will only put our next generation in
debt. And they will do it to give
us a fake impression that they're performing better than the
PAP.