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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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From: RealMuLan1/11/2005 3:09:32 PM
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--ggg-- "Our Hidden Savings
Americans don't set aside much. But include R&D and education spending, and the picture changes"

Living beyond our means: The phrase is echoing through the halls of Washington and Wall Street, as politicians and economists try to encourage Americans to save more. Nearly every fiscal policy proposal now being floated -- including expanded tax-deferred retirement accounts, the Bush Administration's plans to overhaul Social Security, and even a possible tax reform bill -- is justified as a way to boost savings.

businessweek.com
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