This manner of government is not driven by overt collectivism and the blatant, state-enforced social subjugation that characterizes communism. Nor is it well understood to be dominated by the pernicious nationalism, autocratic industrial centralization and megalomaniacal personality cults framed by fascism. Neither can it be sketched as the consenting construction of broad and broadly parasitic labor pools and growth retarding redistribution schemes that make up the key tenants of socialism. Quite differently, this manner of government is premised on the suspension of disbelief via sophistication, word play, disguise, deception, mistaken identity, the deliberate use of nonsense and absurdity to distract and will, no doubt, end in a melodramatic chase scene (treasury officials in absurd uniforms chasing stage left to stage right after foreign borrowers perhaps?)Oooha and hot damn.
In short, the United States has come to be governed by Farcism.
The success of Farcism depends on, and in some ways derives a measure of legitimacy from, the acquiescence (or abject ignorance of) a lazy citizenry. Truly, it is hard otherwise to explain phenomena like the perpetuation of the myth that President Reagan shrunk the government, or that President Clinton ever presided over a surplus in the United States when budget and historical debt outstanding figures are openly available permitting anyone at all to falsify these claims in seconds. In fact, under the Clinton administration it was the wholesale pillaging of the Social Security trust fund (accounted for in Intragovernmental Holdings instead of "public debt") that permitted the specious claim that somehow a material slice of the aggregate debt of the country had been paid off. In other words, the sort of accounting and insurance fraud that would send anyone in the private sector to jail and so familiar to forensic accountants and prosecutors it actually has a name: "Cookie Jarring." The last real surplus was in 1957, by the way.