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National saving is composed of personal saving, business saving, and government saving, i.e. an excess of tax revenue over expenditures.
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The slowdown in business investment compared to business saving is an excellent example of the adverse consequences from the increased government spending.
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Our national saving, consisting of personal saving, business saving, and government saving, has been inadequate, in part because the government saving component, measured by the budget balance, has been negative rather than positive.
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