Steve's barking saving in America or not

Now everybody knows that the saving rate for people of the United Stated is very low.
As they say when doing the Limbo, how low can you go.? But of cause that's been the story in America since the late 60s. The government has tried to increase the saving rate by creating this thing call an IRA with deferred taxation until a person reaches the ripe old age of 59.5 rears of age.
Of cause this didn't help that much with savings because they also included in the program investments. Those of us who bought mutuasl thought we were saving for our old age but some government economist still say we're not saving enough. I've been told that this is very bad because there are a lot counties that the saving rate of there citizens is so much higher and we'll be forced to borrow from them. Our corporation would then be holding to foreign banks, kind of like how our railroads came into existence in the early 18 hundreds. Now I'm not sure how this is a bad thing but I'm sure some economist can tell me.
Now it would seem to me that if banks needed more money to lend out they would raise their dividends. May be this this country doesn't need anymore money for borrowing? Remember in the 70s dividends were going through the roof. Now I believe that when a thing called a certificate of deposit was created, with it's double digit interest rates. Now again I thinking that this saying instrument was invented out of necessity, the banks needing the money to make more money, then some altruistic part on the banks. So after all is said and done the saving rate of none investments *
would go up.

*Many a person who puts money into stocks and bonds believe that this is a form of saving.
 There are people out there who believe the only way to save is by putting money under the mattress.
Putting money under the mattress must make some lumpy mattresses.

As I said before good ideas are some times bad, deferred comp such as a 401k is a great idea as long as it doesn't take the place of a pension.  If I was starting out to day I would want a pension in the form of an annuity for it would force the employer to put into it a portion of my pay, and I'd have that in my contract. For the honest employer it's a good idea for the cost is fixed and it's a good way of retaining good people.