US Government deficits have been running at about $1.3 trillion per year or about 9% of GDP.
China has a federal deficit of 1.5 to 2.4% of GDP. However, China is ramping up spending at the provincial and city level. China is increasing spending on high speed rail and other infrastructure.
The White House projection is for a deficit of $1.2 trillion in 2012. The 2013 deficit forecast was increased from $901 billion to $991 billion. The White House is calling for $195 billion in economic stimulus.
The US is still likely to run $1 trillion per year deficits.
The CIA lists China’s public debt at 45% of GDP in 2011
The CIA lists US public debt at 69% of GDP in 2011.
If China maintains 7-8% annual GDP growth that would lead to double the GDP in 2020.
The US current plans are to have 2.5% annual GDP growth.
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He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.