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.
"I have obviously failed to galvanize and prod, if not shame enough Americans to be ever vigilant not to let a Chicago communist-raised, communist-educated, communist-nurtured subhuman mongrel like the acorn community organizer gangster Barack Hussein Obama to weasel his way into the top office of authority in the United States of America."
– Ted Nugent