Lawrence Summers Savings Quotations

The ongoing task of debt management for the federal government will clearly be very different in the years ahead than it has been in the past, when debt was rapidly increasing, ... With $3.6 trillion in debt outstanding, even a 3 basis point (0.03 percentage point) reduction in federal borrowing costs will ultimately produce savings of more than $1 billion per year.

Raising personal savings is an imperative for American families and an imperative for the national economy,

Our national savings rate is still far too low, driven by a personal savings rate that is not where it should be,