The French monarchy also bankrupted France with lavish spending, and financing the American Revolution. France then had a massive drought and couldn't pay back

The French monarchy also bankrupted France with lavish spending, and financing the American Revolution. France then had a massive drought and couldn't pay back their debts so they increased taxation across the board and caused the French Revolution...which then caused Napoleon to step in and kill it...so-lets pay off our debt so we can afford our social systems.