Funny, I don't recall a power in the Constitution that allows Congress to function as an accessory to extortion (hint: the "welfare clause" isn't it). Once it starts, there is no end to it without paying the price of blood. Therefore, the disastrous results are inevitable.
So the real question is: Pay it now, or pay more later?
I agree. We cannot go on as we are, but I do believe when the gravy train comes to an end it will be ugly.