Every politician in history knows this. But they also know that the consequences can usually be put off until after they leave office. Then their successors are stuck with finding a way to deal with the mess they have inherited. And their typical solution has been to make it an even bigger mess by postponing it for the next gang of politicians to deal with.
At some point, this ponzi scheme will run out. But hope springs eternal in the political breast. Just put it off a LITTLE longer, if there's any way on earth of doing so, and let someone else deal with it.
Ah, Cicero! Love your handle. I think the current administration will have to face at least some of the consequences of the fiscal irresponsibility that has characterized the federal government since those heady days of the Contract with America - a short blip of sanity that now seems so very far away...