Funny thing is that in NZ, from what I can gather, the Labour Government is being criticised by the National opposition for not cutting taxes, and instead for foolishly putting money aside, for things like superannuation savings, (Kiwisaver, Government Superannuation (aka Cullen) Fund). Instead, National propose to give people tax cuts, but at the same time fund their spending promises (albeit on infrastructure, (like Think Big?)) by borrowing, which is probably cost more given that the credit crunch.
(See http://www.nbr.co.nz/article/key-targeting-two-areas-pay-tax-cuts-33676)

Not to mention there’s no such thing as a bank or government that can “put money aside”. Everything has to be invested!