Key economic adviser to president george w bush said

Reference no: EM13389218

A key economic adviser to president George W. Bush said yesterday he believed that national saving was too low in the United States. But he agreed that encouraging consumers to save at a time when their spending was largely responsible for keeping the U.S economic recovery on track could be risky. But in the longer term, he said, the rationale for increasing savings in the United States was clear

A: Explain the logic that lies behind the statement that encouraging savings could be risky.
B: What is the rationale behind why increasing saving is good in the longer term?

Reference no: EM13389218

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