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." [See video below. 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."