“why in the hell we just won’t stop spending any time soon. Like seriously, is everone but us obliviou to the amount of spending that is going on?”
The whole world is a victim of something called The Emperor’s New Clothes.
Some scoundrel [Keynes] managed to convince everyone that govt spending is the best thing in the world, the more the better. [Second best is taxation. Third is regulation.] Every TV show, every University, every Nobel Prize winner, every economist, certainly every politician, praises the Emperors New Spending. The little innocent child [this website] points out that all three things have never been of any benefit, quite the opposite. But unlike the fairy tale, nobody listens.
As the latest case in point, there’s this guy.
Notice the title the uploader gave to this video. Amusing.