1) We are frontier with way less developed countries. Africa-Europe frontier.
2)We have good climate all over the year.
3)We got in debt for buying houses. Tens of years of loan debt were given to the government in the form of taxes. E.g, you got 35 year loan and paid right now 16% taxes.
4) The government got used to spending the money, thinking ill will last forever.
5) People stopped paying loans. They had the same money that before, taxes grew because debt grew. Today we have millions of unsold houses.
6) Government spends way more that come in. They don't want to stop spending so they, as an state, go in debt too.
7) Government is in trouble. We are near 20% unemployment rate, gov is constantly trying to lower the official rate making statistical tricks, like not considering unemployed those that don't work but go to a employment class.
8)To be continued...