We definitely do need to cut government spending. I doubt that will ever happen though. Dems love welfare socialism and Republicans love military socialism. People might lose all or most of their money at the banks if they collapse and millions of Americans could lose their jobs when corporations fail. On the bright side it's nice we have crypto currencies to escape from failing government currencies.
RE: U.S. Housing Prices Have Risen So High, People Pushed Below the Poverty Line!