For the first time in our history, we are regularly spending more than we make. People are not just saving less of their income, they are spending their savings. This disastrous, hedonistic proclivity was ordained by liberal/Progressivism. Franklin Roosevelt’s New Deal in the 1930s began the process of killing traditional moral values. Among the victims was the idea of saving for a rainy day, the virtue of thrift, Ben Franklin’s “a penny saved is a penny earned.” Young people since the Pilgrims landed at Plymouth had been raised with the admonition to spend only after working hard and saving more...