[irishjuggler]

Since 401(k) deposits come out of pre-tax income, the significant savings built up within those accounts would not factor into government calculations of money saved over outlays.

The "savings built up" (as in unrealized capital gains) aren't factored in, but the original contributions are. If Tamny is saying otherwise, then he is wrong. Got anything else?

[Toddsterpatriot]

The "savings built up" (as in unrealized capital gains) aren't factored in, but the original contributions are.

He said the savings built up (as in contributions) not the earnings built up (as in unrealized capital gains).