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This is not a Partisan issue but a Systemic one...that transcends both political parties....

Tax laws need to changed to promote savings and investing but the other edge of the sword is ..that if we cut spending the engine of economic growth slows....Both political parties don't want to deal with the issue, because there is no easy answer that doesn't involve pain...Americans are living a lifestyle WAY beyond their means....we're the best and we deserve it....instant gratification....this wasn't the NORM 50 years ago...the meantality then was if you can't pay for it with cash you don't buy it...With the rise of Credit Cards in the 1960's and 1970's we found we can have it today and pay for it later....which is fine if your wages are on the rise...however with the increased competition in the world the reverse is true our wages are decling..coming more into balance with the rest of the worlds...we are overpaid in comparison..so is it any wonder a company will take it's business to a place that that offers it a better bottom line....it only makes good business sense....

Another point which I am only going to allude to and that is Globalization...or the decline of the Nation State

Secondly here is the state that American eductaion is in with regards to staying competive in the world.. Andy Grove the CEO and Chairman of Intel thinks that the USA is going to lose it technological edge with 10 years to CHina, India etc simply because so many more of their students are taking Science and math courses than Americans who seem to feel that they don't have to work hard anymore because America has made it the land of mild and honey.....sorry charlie...but it's only a matter of time when you wake up and find yourself living in a trailer park watching the Ball game on TV while drinking a beer, and collecting your welfare check while all the jobs have gone yonder...