And that’s because of the flat tax, or are there other reasons?
Post hoc, ergo propter hoc.
It's because Russia spends way more than it takes in. It was able to get away with that because they raked in oil profits. Well that's gone, the economy tanked, and flat tax revenue can't make up the difference. The flat tax is an interesting idea. But it will only work if cuts in government spending match or exceed cuts in government revenue. And that's where I believe Congress will fall down on the job.