Why are we in an economic crisis?

To put it simply, we spent too much, we borrowed too much, we now are spending less because we have to pay our debts, and now we have an economic crisis. Until we pay back our debt, it will continue.

By expanding the money supply and increasing our debt is the wrong answer. It just will make matters worse. It is like giving a fat person ice cream and chocolate. It will satisfy their hunger, but they now need to lose more weight and had it harder to get into shape.

We need to realize that we need to make sacrifices to correct this financial crisis. We cannot expect the government to do things for us.