I heard this on WCBS yesterday morning and meant to look into it further, but the upshot of the report is that government sources claim that reduced consumer spending is throttling back the economy. Here's the WSJ's take on it, from December. I understand the viewpoint, but not so very long ago, government economists were lamenting the fact that household debt was so high while average savings were so low as to be irrelevant. For the economy to rebound, it appears the free-money-spending government now wants consumers to divest themselves of their savings...again. Obviously corporations love that, but looking deeper this time, it seems that the federal and local governments are getting alarmed at loss of several tax revenue streams. Make up your minds, you dolts. Which is it? Spend our way into poverty, or save our way out of it?