As far as I know, one of the biggest budget for our countries is debt service. Too much spending you say? Fine, cut on that budget, it's useless anyway. Or, rather, it should be.

When you think about it, the idea a government debt is ludicrous. When a government needs money, it should just "print" it. To avoid too much inflation, it just needs to destroy money through taxes. In other words, governments should be able to borrow from their central banks at 0% interest rate. Oh, and private banks should not be allowed to create money at all, be it through fractional reserve banking, credit default swaps, or tax havens. Money is too important to be left in the hands of such a tiny special interest group.

Now how do the system actually works? Private banks create the money, lend it to everyone else including governments (because governments relinquished the right to create money around the 70s), and force everybody to pay back at an interest. In the end, there is more debt than money, so the system is bound to either fail or grow exponentially. This is nuts.