@BillW,
Yep, you just seem to be missing the part where
every party has been doing the same thing you are complaining about for the last 2 decades.
Of course no country can maintain endless borrowing. My view is that the populace's sense of entitlement leads them to think that
everything should be sorted out by the government for them (ie. both the populace and the government have a part to play in the constant borrowing).
Of course the problem with the government sorting out too many problems, is:
- the problem solving skills of the populace (who no longer have to solve so many of their own problems) diminishes....
- leading them to want the government to sort out more minor problems (that had they better skills wouldn't be an issue)...
- diminishing problem solving skills even further...
Presumably everyone understands how increasing anxiety and neediness are linked to the loss of problem solving skills. The more problems they have to solve, the more it costs.