MORE ON SINGAPORE

For 2011, Singapore is ranked #2 among all countries by the Heritage Foundation for "economic freedom" despite the fact that it has a Western European style welfare state.  In light of all the fuss the wingnuts are making about our national debt, Singapore also has a much greater Debt to GDP ratios than the U.S.(58.9%)  and at 102.4% it ranks 9th worst in the world.