Anvi, with regards to solving their fiscal calamity, you should ask Spain how their tax-heavy approach is working out for them.
Do you want America to burn to the ground? Because 21st Century Nero is reading his teleprompter while America burns. We can try to put out the fire, or we can let Nero continue to read his teleprompter for four more agonizing years. Maybe Nero will get his feelings hurt for being told he can no longer read his teleprompter, but I think it is more important to actually try to make sure the next four years do not look like the last four years...
Or we could ask Mexico how their tax-light approach is working out for them.