Who is that said democracies fail when the population discovers they can vote themselves bread and circuses?
I largely agree. I just wish people would quit blaming politicians for everything, when those same people keep voting to keep their benefits and not paying enough taxes to fund those benefits. This surge in payouts to retiring Boomers has been predicted as long as I have been alive. And yet still this belief in some mythical solution involving only cuts to "waste" and "inefficiency" persists.
The bottom line is that the term "government spending" is highly misleading, since the government is exercising no discretion on how it is spent... the government simply sends it to individuals (mostly old folks) who decide what their individual priorities are and where to spend it.
The only prize in the race to the bottom is just a smidgen of grease and crumbs, like when the peanut butter is empty.