Investing for Productivity and Prosperity (1994) / Chapter Skim
Currently Skimming:
Sources of Lower Savings
Sources of Lower Savings
Pages 20-22
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 20... ...
Thereafter, it will rise steadily without a renewed commitment to decreasing the annual deficit. The federal budget deficit is a problem for three reasons: the impact on national savings just described; the possibility that foreign financed debt will not be rolled over as it matures; and the cumulative deficits that run year after year (known as the federal debt)
|
From page 21... ...
8 to to $ to to Cal 8 CM Len US to oc oc ~o Go o ,~, , o cr 0 _ ~ oo sit ~ _ C_ ~ ~ o Cot .
|
From page 22... ...
Although the low saving and investment rates are not likely to create a crisis in the short run, over the course of a decade sustained differentials of this size will seriously erode productivity growth, efficiency in global markets, and job creation and hence most other economic and social goals that depend upon these fundamentals. The board is aware that a sudden increase in saving in the United States would not necessarily be accompanied by a sudden increase in a combination of domestic and foreign direct investment.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.