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Politics : Politics for Pros- moderated
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To: Brian Sullivan who wrote (758)5/9/2003 2:21:24 PM
From: KyrosL  Read Replies (1) of 794173
 
>>GDP deficits the French, German and Japanese <<

But they all save a heck of a lot more than we do, so they can more than afford their deficits. For example, the French private savings rate is 16% and has never fallen below 10% for decades. Compare that to our 3%. Their deficits hover around 3% too, but their combined savings rates, which include Government and private, hover around 10%. Ours is right now touching all time lows at close to 1%.
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