All institutions that lack an effective external check (aka competition) eventually devour those they ostensibly serve. Which is why we must break it up, break it all up and restore the market for good governance that our Founders envisioned when they created our nation. Monopolies suck. Particularly state monopolies with magic money machines. There is no effective external check on their greed short of collapse. And electing Republicans, even Conservatives is no answer: they are co-proprietors of the same avaricious Federal monopoly. As with the Liberals, the Federal State has become their 'precious' - their path to riches and status and power and even though it destroys us, they will never voluntarily relinquish it. The rest can be read here.
Each reverts to scripted evasions. Liberals imply (wrongly) that taxing the rich will solve the long-term budget problem. It won't. For example, the Forbes 400 richest Americans have a collective wealth of $1.5 trillion. If the government simply confiscated everything they own, and turned them into paupers, it would barely cover the one-time 2011 deficit of $1.3 trillion. Conservatives deplore "spending" in the abstract, ignoring the popularity of much spending, especially Social Security and Medicare.
So the political system is failing. It's stuck in the past. It can't make desirable choices about the future. It can't resolve deep conflicts.
Update: Evidence of how good it is to be a Federal Legislator (and why they'll never give it up).
#OCCUPYCONGRESS: Growing Wealth Widens Distance Between Lawmakers and Constituents. “Between 1984 and 2009, the median net worth of a member of the House has risen 2.5 times, according to the analysis of financial disclosures, rising from $280,000 to $725,000 in inflation-adjusted dollars. Over the same period, the wealth of an American family has declined slightly.”
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