The importance of saving over spending for economic progress is largely a morality play. The economic analysis involved is slim in comparison with the Victorian morality that Keynes pilloried with his dictum on our fate in the long run. Plus the prevalent market mentality tends to equate saving with what business does and spending with consumers and governments. If the future productivity of the economy is the issue many transfer payments likely promote this more than the sacred investments of Corporate America which is prone to invidious emulation. [log in to unmask]