The fundamental problem in America government financially is that we spend more than we take in. One can debate whether we should redistribute more or less. However, that is not the heart of the matter. Rather, our philosophy of spending is the problem. Because we have spent more than we have taken in for so long on a consistent basis, the chickens have come home to roost.
Leaders in a republic, democracy, or some type of democratic republic typically reflect the values of the people. As a nation, we spend more than we take in whether one earns much or little. Until we live within our means, the debt crises will continue and will ultimately result in complete economic collapse.
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