No politician has publicly stated that US solvency requires such draconian adjustments, because the American public is far from agreeing to the sacrifice needed. On the other hand, there is a growing sense that America’s current economic malaise – high unemployment and real-wage stagnation for low- and middle-skilled workers – stems from out-of-control fiscal policy, which has been taking ever larger amounts of resources from young savers and giving them to old spenders.