That’s true (employees promised too much), and bankruptcy is actually healthy. Detroit is finally getting a much needed wake up call that OPM (other people’s money) eventually runs out. Our nation is headed for a similar wake up call. We’ll all be millionaires of course, but what good is that when a million won’t buy dinner? Even the Ryan budget plan didn’t purport to balance the budget—much less spend down the debt—for something like a decade. Our leaders don’t know how to extricate our nation from Detroit-style overspending, and the end result will probably be worse.
I don't see evidence they want to.
The "Ryan budget" itself was a gimmick. It would have no control over what future Congresses spent.
The main reason they don’t know is because none of them are educated and smart enough to handle finances.
OPM is the religion of the sheeple. Heck, I think I’ll make that my new tagline.