The United States faces overwhelming fiscal problems. Our current level of government spending and future entitlement obligations are simply unsustainable. However, as concerning as these fiscal matters are, the biggest problem America faces has nothing to do with economics, but rather psychology.
The strength of a nation reflects the character of its citizens. While America was once considered a nation of individuals fiercely independent and self-reliant, her citizens are moving closer to a state of dependence, characterized by irresponsibility and ambivalence. This change has been instigated by the politics of collectivism and the growth of the social welfare state.
F.A. Hayek, the famous Austrian-born economist and political philosopher, warned of the dangers of excessive government.
The most important change which extensive government control produces is a psychological change, an alteration in the character of the people.