As long as we can justify it we will always have the government we have now.
We need a Calvin Coolidge who says “NO” to paying for acts of God.
I know what you are saying in a perfect world everyone would have enough insurance and there would be no need for any govt. backing.
But, I still suggest that loans to citizens in need backed by govt. is probably more worthy than how much of the peoples money is spent in today's world.