For years, the government at every level - from the fed down to the municipalities - have setup a system of entitlements that is essentially a Ponzi scheme. It's very easy for a politician today to make promises based on something that will be paid for in the future, with taxpayer dollars. The politician has nothing to lose.
It's all a financial train wreck that will happen very soon. The politicians today are just shoveling more coal into the firebox and the train is just accelerating.
· A billion seconds ago it was 1980.
· A billion minutes ago Jesus was alive.
· A billion dollars ago was only 1 hour and 23minutes, at the rate our government is spending it.