Lessons from China

The following article discusses the government of China’s economic stimulus policy:

http://www.reuters.com/article/businessNews/idUSTRE5740B620090805?feedType=RSS&feedName=businessNews

These paragraphs are significant:

• But Huang Yiping, a professor at Beijing University and former chief Asia economist at Citigroup, argued that the government needed to adjust its fiscal policies to prevent the economy from becoming too reliant on public investment.
• 
  "The government should be more cautious in approving new projects in the coming months, as the investment rush could sow the seeds of an increase in bad bank loans and could also crowd out private sector investment," Huang said at a forum.
• 
  Beijing wants to keep its budget deficit to within 3 percent of GDP this year, a target that economists say will be tough to hit given current spending and revenue trends. The deficit in 2008 was about 0.5 percent of GDP.

This article discusses the Congressional Budget Office forecast for the US deficit:

http://www.reuters.com/article/topNews/idUSTRE52J3SR20090320

• The Congressional Budget Office forecast a record $1.8 trillion deficit for the fiscal year that ends September 30 under Obama's budget proposal -- or 13.1 percent of gross domestic product.

Which country is presenting a brighter future for its children? Is it the USA with a budget deficit of 13.1% of GDP or communist China with a budget deficit of 3% of GDP?