I have a little different take. I think the path we are on will lead to the same outcomes they saw in Argentina. Most people don't know that Argentina in the early 1900's had a per capita income equal to that of Germany and their economy was growing at a faster rate. However 100 years later German living standards are more than double that of Argentina. What happened?
See if this sounds like the USA today. Argentina was very dependent on it's agriculture internally and for exporting. The school system was terrible and over 20% of Buenos Airies population was illiterate. After WWII the demand for their agriculture products dropped and their workforce could not adapt to newer industries. In response the public supported Peron and the collectivists followed a path of fascism creating a huge welfare state in the process. Economic decline accelerated and the poor who wanted to be richer could only do so by taking wealth away from the shrinking group of entrepeneurs and wealthy.
I think this is the trend in the USA and surrendering on obamacare will guarantee this end. I quess I should be happy I won't see the end result, but my future grandchildren will and that is why I'm mad.
A marvelously sophisticated country goes down the tubes with national socialism, while across the Andes Chile prospers with a rather more free-market approach.
However, there must be something in the water. Both countries have largely european populations, although Argentina is browning up fast with illegal immigrants from less wealthy neighbors. But in prosperous Chile, saved from castro-Style Sovietization by Pinochet's Administration, there are Leftists in Chile trying tosubvert prosperity as we speak.