Tom Brokaw had his Jimmy Carter  moment on Tuesday. The veteran journalist appeared on MSNBC's The Cycle
to call for Americans to accept a permanent lowering of their standard
of living. Speaking of the next generation, Brokaw blithely insisted
that "they probably won't have as much disposable income." He added, "They won't live in homes that are McMansions. We gotta get real." [MP3 audio here .]
The former Nightly News anchor, estimated to be worth about $70 million , didn't seem to find this a bad thing: "It doesn't mean we can't have everything that we need." Brokaw lobbied for Americans to "get proportion." He lectured, "One of my friends says we have to get up every morning and say, 'What do I need today and not just what do I want today?' That's a good guide."