National Saving: Current Saving Decisions Have Profound Implications for Our Nation's Future Well-Being

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Testimony issued by the Government Accountability Office with an abstract that begins "The Chairman of the Senate Committee on Finance asked GAO to testify on our nation's low saving and discuss the implications for long-term economic growth. National saving--the portion of a nation's current income not consumed--is the sum of saving by households, businesses, and all levels of government. National saving represents resources available for investment to replace old factories and equipment and to buy more and better capital goods. Higher saving and investment in a nation's capital stock contribute to increased productivity and stronger economic growth over the long ... continued below

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United States. Government Accountability Office. April 6, 2006.

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Description

Testimony issued by the Government Accountability Office with an abstract that begins "The Chairman of the Senate Committee on Finance asked GAO to testify on our nation's low saving and discuss the implications for long-term economic growth. National saving--the portion of a nation's current income not consumed--is the sum of saving by households, businesses, and all levels of government. National saving represents resources available for investment to replace old factories and equipment and to buy more and better capital goods. Higher saving and investment in a nation's capital stock contribute to increased productivity and stronger economic growth over the long term."

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Government Accountability Office Reports

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for the U.S. Congress investigating how the federal government spends taxpayers' money. Its goal is to increase accountability and improve the performance of the federal government. The Government Accountability Office Reports Collection consists of over 13,000 documents on a variety of topics ranging from fiscal issues to international affairs.

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  • April 6, 2006

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  • June 11, 2014, 5:03 a.m.

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United States. Government Accountability Office. National Saving: Current Saving Decisions Have Profound Implications for Our Nation's Future Well-Being, text, April 6, 2006; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc291780/: accessed September 23, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.