Excessive Spending: Federal Protection Agency aka Federal Reserve

• Jobs lost to China because of currency manipulation
• Economic distress because of oil price surges
• Budget problems for states because of high unemployment

So the Federal Protection Agency aka Federal Reserve has a plan to raise interest rates until everything is fixed:

NEW YORK - The Federal Reserve has room to raise interest rates further but may be getting close to the end of its tightening cycle, Federal Reserve Bank of Dallas President Richard Fisher told CNBC TV Wednesday.

"We are not quite there yet. We are getting closer, and as to when we get there, stay tuned,” he said.

Fortunately for us, the government is a lot smarter than all of those people who can't see that unemployment, high oil prices, and state and local communities with budget problems are really all treatable by raising interest rates.