I'll let you pick something, I really don't know where to start.

Money is debt and is created by the banking system. The governments act as enforcement and collection agencies for the banking system. As such cooperating governments enjoy a cheap and nearly endless supply of credit. The further someone is removed from the banking system the more expensive credit becomes. (Know any chartered accountants? Ask them what they pay on mortgage interest vs what any other profession pays or what a blue collar worker pays)

The system is inherently unstable and market pressures continuously cause it to collapse under its own weight. Each time this happens the enforcement agency changes the rules of the game to ensure the game continues. The banking system has lost so much money on 3 different occasions over the last 3 decades that in each of these losses alone have been so expensive as to wipe out all profit since the beginning of western banking from the entire sector. Yet banks remain open for business. This is because it is in the best interest of the government to let the status-quo persist since it benefits by getting essentially free money. This is how it is possible for the government to run deficits for 190 out of 230 years. If they go broke the banking system cannot continue to exist so the banking system keeps bailing out the gov an the gov keeps bailing out the banking system.

Eventually (my feeling is the next 1000 days) the normal people who fit the bill for all this will reach their capacity to continue funding it and it will begin to drastically collapse in on itself. Then all these arguments about deficits being good or bad, all these crazy taxes being necessary or not, the idea of debt being a problem, will be put to rest, until people again forget how they got here and begin again...