"[With a fiscal gap in excess of $200 trillion,] government promises will be broken. The bill for the Keynesian free lunch will come due, and the government check will bounce.
"Where will that leave us? With a weakened and discredited government, and the bogus Keynesian ideas that supported it, we will have to become more self-reliant. The cry of “Do something!” to the government will be answered with an echo. Free markets will emerge where they’ve been suppressed because much of government will be ineffective or no longer exist. A free market in combination with a revolution in technology will remake our world."
https://w3.do/WaO-M-Oi
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So the answer is: a downward spiral, followed by hope.
Definite downward spiral. In long run it is hard to say what will happen. I honestly think the best thing that could happen is the US breaks up into multiple smaller countries so we stay out of other country's business and each country can have a common culture.
I like Hans-Hermann Hoppe's vision of there being 10,000 Lichtensteins. Seeing that in America would be great, in my opinion.
have you read Plato's Critias? According to that text, Atlantis was made up of some 10 regions... 1/3 of them turned on the rest though, sadly the text trails off just as it starts to recount that part
I might have read it, but I don't recall that. It's on my long list of things to (re)read. Are you saying that's something like the 10,000 Lichtensteins?