>Indeed. That is what I am after. My feeling is that Social Security
>isn't savings if it goes to my pocket for me to use, but it is
>savings if it goes to somebody else's pocket for somebody else
>to use. I might get some small change trickled down.
Whether it feels like savings or not, according to conventional definitions, a government surplus = government savings = higher national savings.
>Max asks the question: What is the material interest underlying this
>(neurotic?) worry about national savings? Cui bono?
Bondholders and sadomonetarists. Aside from the material interest, I think the psychological part is not small.
Doug