Raising the credit limit of a spendthrift when he exceeds it does not encourage thrift. Neither does giving government more money when it threatens to spend more than its allotted sum. More money for government just grows government. Too much government stifles progress. They forget that the government is not an individual.
Individuals can save by putting their money in banks, land, or the stock market.
Letting government do these things erodes the market economy that undergirds a free society. Letting the government bank a surplus inevitably politicizes bank lending. Letting it invest in the stock market nationalizes the economy. Small governments can save by buying U.S. government bonds and the U.S. government reduce future tax burdens by retiring its debt. An example of this is Mr. Clinton exhorting women to oppose tax cuts because they need Medicare.