Bread and circuses, irresistible to the politicians and leadership of a nation on the way down.
We have to not only stop the spending, we have to cut our spending. No more talk about "reducing the deficit" when in reality they are talking about slowing (not stopping, not reversing) the rate of growth of the deficit.
Raising taxes/revenue only delays the certain crash. It's the solution fronted by those who never want the party to end.
To deny that spending more than you have is ruinous is mind-boggling. Cut now, cut deep, when we come out the other side we will be a healthier nation.