Thurow, Lester, “Head to Head, The Coming Economic Battle Among Japan, Europe, and America,” William Morrow and Company, New York, 1992

“While Americans love to fight about government spending, the real issue is not public versus private spending.  The real issue is investment (public and private) versus consumption (public and private).  America should set itself a goal to design a tax and expenditure system where consumption — public plus private — rises 1 percent per year less rapidly than GNP.  If this were done for a decade, America would have world-class savings and investment at the end of the decade, and no-one’s consumption  would have to fall — it would just grow slightly more slowly,” p. 269-270