" Lowering the definition would help the national economy, he said. It was not just to clear the decks or because the founding fathers were Puritans. Blinder, equipped with slides, flashed on the wall a chart entitled “THE LONG-RANGE BENEFITS.” A lower deficit, Blinder said, meant the federal government was borrowing less from the pool of national savings - the money of all its citizens that was invested rather than consumed. Most of the freed-up savings could then go to private investments such as new plants and equipment or better worker training. These investments would eventually yield more efficiency and greater productivity per worker. And increased productivity - and here was the key - would eventually mean an increase in the standard of living for most Americans. "

― Bob Woodward , The Agenda: Inside the Clinton White House