Not true if it was it could be fixed easily todays problems have been building up ever since the world went off the gold system. The fiat ponzi is running out of steam President after president has been elected promising to fix the US budget they have all failed partly because of the need to get budgets through a congress where party loyalty is far less than in the westmnster system. So congressmen and senators vote to keep the money flowing in their own electorates and do deals with others to make sure it happens .
