12/27/2004: Opinion: The Savings-Rate Myth (National Review Online)
Excerpt: "The Wall Street Journal's David Wessel wrote last week that 'American people, businesses and government don't save enough.' Citing the Commerce Department's official U.S. personal savings rate, 0.2 percent, the Los Angeles Times's Bill Sing wrote, 'It doesn't help that people in the U.S. are spending like there's no tomorrow.' Sing's and Wessel's assumptions are as bogus as the government statistic on which they're based."
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