Contrary to popular misunderstanding, the United States is currently ruled by a single party. Sure they put on the motions of being for different things, but they are really two wings of the same party. The latest cave in adding even more debt to future generation shows that.
Even those elected under the mandate of "no new debt" caved in and voted for more debt.
The problem is that the people don't want the hard choices and frugality that truly cutting back would cost. They want "the other guy" to take the fall. They don't realize they are the other guy and have had their pockets fleeced for years.
It is not really liberal vs. conservative, it is big government versus individual freedom. Few are in the second camp these days, however much they claim to be so. Notice how much they are both happy to tell you what you can do with your own body when it comes to cigarettes, for example?
They pretend to hold radically different positions, yet we creep to the point of more and more control over our lives each and every day. I wish we would truly wake up, but too many are dependent on government filter dollars. Only a serious crash will change things and that will likely leave a mess.
Though it is coming at some point.