Those who will not learn the lessons of history are destined to repeat them...
It is fiscally irresponsible to believe that you can continue to gain re-election by the simple mechanism of handing out money and benefits to a greedy welfare-entitlement society. You might be successful at first but eventually you will be discovered and even the worthless of our society will notice.
So far the awareness has been accelerating slowly. But, consider these numbers for a moment:
Doubled Debt in Less Than a Year, Seeking Exponential Increase in Future
There is nothing inherently wrong with debt. We all enter debt to buy cars or homes or finance a child's education. Debt is a tool. But debt becomes toxic when the service of that debt exceeds our ability to pay and simultaneously meet our daily living obligations. If you can't pay the utility bill anymore or buy clothing, you've got too much debt.
Money is simply paper these days, a contract which we accept as a medium of exchange for goods and services. There is no limited quantity asset which backs it as there was when we had a gold standard. That means at some point the solution to oppressive and overwhelming debt is to print your way out of it.
Running the presses overtime devalues your currency, destroys your savings, decimates the value of your labor and demolishes your national credibility. We apparently are reaching a point in the process at which failure to modify behavior will place us inexorably on the path of Weimar Germany. Hyperinflation, economic collapse and then, who knows. We can read the history of Germany to get one possible path and it isn't a pretty one.
Throw another shovel full of money on the fire, dear, I feel a chill in the air.