They're doing it ON PURPOSE.

Seriously.  It's not a debateable point by anyone with a brain in their head.  There is absolutely no other rational explanation for what's going on in this country.

Ann Barnhardt is on American Thinker again, explaining just how badly we're taking it up the fart pipe:

Are you starting to understand the scope of what we are talking about now?  Obama is going to embezzle considerably more than the entire economic output of Canada, India or Russia to his cronies before the 2012 election -- and that is just counting this round of spending.  This doesn't include the other $5 Trillion he has already burned through since 2009.

China is not going to lend us this money because they simply don't have anything close to that much money to lend.  This $2 Trillion is going to come from the Federal Reserve.  Where is the Federal Reserve going to get $2 Trillion?  They are going to print it out of thin air.  We are in the midst of the largest currency debasement ever seen in human history.  There is only one result that can come of currency debasement:  hyperinflation and total economic and societal collapse.

...

The Obama regime is not a failure. The Obama regime is not incompetent. The Obama regime has achieved more in two and a half years than anyone could have possibly foreseen. It has debased the currency by 50% of the GDP and guaranteed that our economy will collapse. It has looted the Treasury for more than the size of a top-ten economy and embezzled that wealth into the hands of their fellow Marxists in preparation for the final collapse of the United States. It has ground the economy of the United States to a screeching halt. It has destabilized the entire Muslim world and ensured that there will be a nuclear war centered around Israel within the decade.

RTWT.  Remember that Chinese curse, "May you live in interesting times."

"Interesting," indeed.