There is a name for it

The Ineptocracy:  " A system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers."  Nice.  Now there is a word (and a t-shirt) for the way the government is degrading our infrastructure and diluting our wealth.  We are creatures of patterns and those patterns are self-reinforcing.  The pattern of debt and corruption will continue until such a time as the producers are unable to support those incapable of producing adequately for themselves.  Hopefully, it will take over 30 years and I won't have to be a part of it.  I would like to witness it, high on a hill overlooking the collapse.  But it will probably be a long and drawn out process, and we will adapt and forget, adjust and succumb, until human voices wake us.