Kenneth Rogoff : Despite promises and proposals , there is no quick fix for economy . That means for the next decade or even longer , Americans will have to do with less , from buying new clothes to going on vacations . Germany 's `` We are tougher than the times we live in '' should be a policy , he writes . Etzioni : Japanese will have to do with less and sacrifice for years . He says at least 10 years of indulgence , living beyond our means will take years to redress .
Kenneth Rogoff : Despite promises and proposals , there is no quick fix for economy . Germany 's `` We are tougher than the times we live in '' should be a policy , he writes . Etzioni : Japanese will have to do with less and sacrifice for years . He says at least 10 years of indulgence , living beyond our means will take years to redress .