Should our country re evaluate our moral standards?:
If you are speaking of having the government interfere with what we as parents and responsible adults do to teach our children, then no. With regards to the FCC, and what is transmitted over the airwaves and is available for public display, yes. However, the government should also set absolute specifics for such media outlets. 

But when it comes to moral standards, parents, should simply get off their lazy asses, and teach their children right from wrong, talk with them and keep an open line of communication.