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.
"There is nothing which I dread so much as a division of the republic into two great parties, each arranged under its leader, and concerting measures in opposition to each other. This, in my humble apprehension, is to be dreaded as the greatest political evil under our Constitution."
- John Adams