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.
And that after this is accomplished, and the brave new world begins
When all men are paid for existing and no man must pay for his sins,
As surely as Water will wet us, as surely as Fire will burn,
The Gods of the Copybook Headings with terror and slaughter return!
- Rudyard Kipling, 1919