The title should actually read, "Horror Story of the Past 43 Years," but that's not quite as snappy and there's no single word for it. But then, there's no single word to describe the combination of sheer, unadulterated chutzpah, foolishness, stupidity, and vice implicitly contained in the graph below:
I'm pretty sure at least a thousand different individuals — many of them living comfortably on fat government pensions — belong in jail as a result of this debacle. Unfortunately, the best we can hope for at present is to replace the current crop of criminals this November, and try to minimize giving the new ones quite so much slack on the leash.
[Hat Tip, Powerline.]