
The main solution is to stop spending on things that are not needed (haven't we ever heard of wants vs. needs?). See article. For example, I want a Mercedes-Benz, but do I actually need one? Answer: No, I can still use my late father's automobile (22 years old) to sufficiently get me from point A to point B, because it is mechanically sound. Thus, to spend money unnecessarily on a Mercedes-Benz, would be economically foolish.
In 2015, Senator Rand Paul put forth some good reasoning on how Congress should take back "the power of the purse" (see article) from the executive branch of our government.
Note what the Bible states regarding our "need" in Philippians 4:19: "And my God shall supply all your need according to His riches in glory by Christ Jesus." Also note Matthew 6:25-34, noting the word "need" in vs. 31 (also see article). Wants are not mentioned or addressed at all.
Beloved, spending ourselves into oblivion does not end well (see AT article).
---Mike Riley, Gospel Snippets
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