What would happen to an election candidate that said, “Everyone needs to pay more taxes. The rich and the middle class incomes need to lower their standards of living. We need to enforce the highest standards of environmental controls.”?
That’s right, they wouldn’t get elected.
It is not the politicians fault. It is the fault of the electorate. Almost everyone wants someone else to shoulder the burden. It matters not at this point how a nation got themselves into the fiscal morass they are in, what matters is how to get out of overburdening debt. Tax more, spend less; that’s it.
Unless national pride takes over and the peoples make a spending shift to buying mainly products manufactured in their own country, the economic base is not going to expand favorably. Industry will not come back. It just ain’t gonna happen. People would much rather buy cheaper imports than products made by workers paid at their own income standard.