Behold the liberal Think-Speak. Not confiscating $80 billion in taxes from the citizens is not "an investment" in anything! Once again, we see the democrats displaying their belief that all money is actually the government's money, and that when they don't take it from you by force, that is somehow an "expenditure" on their part. Un-friggin'-believable.
I won't even go into the part where he says that the policy isn't producing the results they expected (people are still not saving as much as the government would like, despite their oh-so-gracious tax break). The idea of these *ssclowns having control over the White House, Senate, and House of Representatives is truly frightening.
The big lie here is in how they compute savings. The gov't uses the Keynesian idea that savings and investment are two different things. If you put money into a savings account, it is called savings by the government. If you buy stock, that's not savings, that's investing. If you buy a new truck for your plumbing business, that's investing not saving.
A couple of years ago, I tried (not all that hard) to find out what really was considered 'savings', but could not find a clear definition.
Any complaint about the 401K/IRA system for not prompting folks to save is silly on the face of it, considering how much the value of those funds had increased over the years, or how much was flowing into those accounts.