All great democracies have committed financial suicide somewhere between 200-250 years after being founded.
The voters figured out they could vote themselves money from the treasury by electing people who promised to give them money from the treasury in exchange for electing them.
The United States officially became a Republic in 1776, 238 years ago. Our citizens have become cynical as voters. They seem to think that such cynicism makes them sophisticated. I believe they are just lazy as their conduct discards the freedoms we all cherish.