to present a response from the eminent economist James K. Galbraith, although he also says he continues to back the Third Way--and tries to rebut Galbraith by inviting one of their advocates to reply. But Galbraith carries the day. One main point: "On the budget, you go on to assert that 'the arithmetic simply doesn’t work.' If you mean that the federal fiscal position is unsustainable – a widely-held view – you are again misinformed."
Another nugget from Galbraith: "Raising the 'retirement age' is just a benefit cut for these, most vulnerable, lowest-paid workers – especially those who take the option because they are already unemployed. It’s the cruelest and most dishonestly-presented of all so-called Social Security 'reforms.' I would strongly urge you to repudiate it." Don't hold your breath, folks.