It seems like the public sector and a large part of the private sector would rather get paid more now at the cost of long-run national bankruptcy, than to get paid a bit less now and allow their country to remain solvent. Does anyone know why this is? It seems a strange policy to follow, since it makes the public far worse off in the long-run. It reminds me a bit of the 1930s, where the public preferred to have weak armies and risk conquest by the Nazis in a few years, rather than spend a bit more so they would be easily able to defend themselves against the inevitable. Is there any logical reason for this kind of near-suicidal behaviour?