Instructions: Given a text, write a compressed version of it in a single sentence.
Input: Since the 1970s, combined saving by households and business has declined. For much of that time, the federal government did not contribute to saving; instead it was a borrower, its deficits absorbing a share of the saving pool available for investment.
Output:
Since the 70s, combined saving by households and business has declined. The federal government did not contribute to saving; instead it borrowed, its deficits absorbing the saving pool.