How did we get here? I'll take a stab:
We got the idea that we can borrow infinitely, spend even more infinitely, that the government is the employer of last resort, and every single nickel the government commits is absolutely crucial to the survival of the species. We got the idea that other countries can **** us sideways on trade, send us every misfit and criminal that they don't want, and we are to feed, clothe, and house them forever. To support this and other nefarious political goals, we printed an insane amount of money and injected it into the world economy without concern for inflation.
So an actual adult decided to quit stealing from the next 10 generations by putting things back in order, and all the pigs at the trough are squealing because the slop is slowing down. Sorry, 65-year-old DUmmy ****head morons, but we don't owe you shit and the stock market was a bubble that needed to be popped anyway. **** off and die while adults fix your shit.