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See the problem here is that you are sane and rational.
After the bankers' gigantic, compounded fraud blew up in their faces in 2008-2009, Obama came on TV and said that the government will not step in to bail out people who were underwater on their mortgages, no matter how fancy and ridiculous the loan terms were. This would have cost approximately $1.3 trillion, and the reasoning was that bailing them out would set a bad precedent; that one could take out a loan (or be the victim of fraud and deceptive practices) and not pay it back.* Instead, it was decided that the banks would be bailed out, and the cost for that has been estimated at between 12 & 16 trillion dollars. I know you know this but a trillion dollars is a thousand billion dollars. Just an insane amount of money, not to mention it's been 10x the amount it would have cost to put millions of Americans into the security and stability of home ownership. In the spirit of American style central planning, the extremely wealthy were made even more wealthy as a result of their abysmal performance at... central planning (designing an economy that not only allowed but rewarded the actions that led to 2008). Between the policy of "we (the fed) buy your (private bank) trash (debt) for 100 cents on the dollar at whatever face value you (private bank) decide" QE and the fact that the US has a sovereign currency which is the global reserve currency it means that the US can "afford" literally whatever it wants, and "the US" now means Trump and his cronies.
I'm not saying this makes sense (what you are saying is what makes sense), I'm saying that I don't think it has to make sense anymore... as if the past 20 years have "made sense" financially.