The Myth of Living Beyond Our Means

Friday, 25 January 2013 11:42  
By Robert Reich, Robert Reich's Blog | Op-Ed 

Brace yourself. In coming weeks you’ll hear there’s no serious alternative to cutting Social Security and Medicare, raising taxes on middle class, and decimating what’s left of the federal government’s discretionary spending on everything from education and job training to highways and basic research.

“We” must make these sacrifices, it will be said, in order to deal with our mushrooming budget deficit and cumulative debt.