1.   In fact this is an empirical issue - are taxes paid out of private savings or current consumption?

2.   It is, he argues, not at all clear how you raise private savings to close the other kind of gap.

3.   ...a freeze on private savings.

4.   They agreed that countries with fiscal and current-account deficits should reduce budget deficits and increase private savings.

5.   Also, the commission will look at the declining rate of private savings and the fragility of private pension plans.

6.   And of course there were private savings, which for most people consisted mainly of houses.

7.   But Forbes recommended a major change, which would increase the use of private savings and investments as a source of retirement income.

8.   But the stock market kept rising and people now believe they will get a high return forever on their private savings.

9.   By not borrowing hundreds of billions of dollars from private savings, those immense sums would be available for productive investment in the private sector.