The White House seems unwilling to put real muscle behind its part of the deal, commitments to cut the budget deficit and change tax policy to stimulate private savings.

Mr. Bush is determined to cut the capital gains tax to stimulate savings and investment.

The President's proposals for flexible I.R.A.'s, an investment tax allowance, enterprise zones and capital gains will stimulate greater private savings.

Several legislators have proposed their own plans to stimulate savings, primarily by enlarging the use of the I.R.A.

Recent studies have shown that Individual Retirement Accounts stimulate savings.

Administration officials say that these and other measures would stimulate savings, which are crucial to increasing long-term growth.

To overcome that, his Government took measures to stimulate private savings and adopted a liberal system to encourage foreign capital, aiming at "export-led" growth.

There was a good case to be made in 1981 for using tax incentives to stimulate work, savings and innovation.

Some economists have suggested that we try to stimulate savings by offering new savings incentives.

To conservatives, inequality is desirable, as it stimulates savings, investment and economic growth that eventually trickles down to the poor.