Speaking at the Singapore Anglican Community Services 100th Anniversary Charity Gala Dinner in Dec 2013, Lee Hsien Loong made the dubious claim that more social spending does not mean better results. As an example, he pointed out that the Americans spend more on healthcare than anybody else in the world, 18% of GDP. Singapore budgets only a minuscule 4% of our GDP for healthcare, and our life expectancy is longer and infant mortality rates are lower. The difference is that the cost of staying alive here is depleting our own savings intended for retirement needs. Unlike in America, there's no social security here.