The irresponsibility that led to the 2008 crisis, and then the Covid massive inflation, and now the war inflation, is why we are where we are at. It cant be pegged to any political party except both of them.
When Richard Nixon took us off the gold standard and put us on the petro-dollar "war required to keep it" system, we defaulted on our debt as a nation.


"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster