ABSTRACT
I would like to address four questions. First, why are saving and investment important? Second, what constitutes saving and investment, and how do U.S. saving patterns differ from those of other nations? Third, why should the federal government be involved in policies to raise national saving and capital formation? Fourth, what policies has the administration proposed in order to raise national saving and to raise the level and efficiency of investment in physical and human capital? In each of these areas, I will attempt to highlight the importance of a comprehensive view of national saving as the sum of personal, business, and government saving.
