"Oh but I didn't contract it voluntarily, it is political spending" - that is why we are a democracy and elect our representatives. Unelect the profligate who buy things we do not need.
You aren't enslaved or made a serf by a particle of it. We just haven't been winning free elections we can't afford to lose, and too many in all parties have been willing to overspend on useless crap, trying to buy votes.
I’m not smearing the lender. I’m smearing the borrower. People in America have voluntarily become debt serfs.