No President will get elected on a platform of restraint and cutting back. Political and economic decisions are often made for today without thinking of the future.
In South Africa, where I live and work, we are having an electricity crisis. They need rolling blackouts because the demand exceeds capacity. The attempt to shut it down as little as possible, puts us dangerously close a national blackout because the buffer is so little.
Perhaps they should shut down power in more of the country so they can fix the problem faster?
Even in our personal lives, how often does the lure of “now” influence our purchases? That new cell phone or the upgraded car seem so needed, so we lock ourselves into a long-term contract. Don’t even get me started about debt versus savings rates in most homes!