Every successive month, I find myself thankful I am old enough that I likely won’t have to suffer the inevitable final consequences of all this stupidity.
The interim results are bad enough.
As various products become scarce and as quality declines even further in the remaining products, the State will simply employ its flacks to deride the need for whatever can no longer be produced and the inculcated will make going without or utilization of poor substitutes desirable. Eventually, there will be a population that never knew anything different.
This would be true if ALL the people were in the same boat. However, this will never be. There will always be the politico elite, those in charge of the government. And, the peasants will only take so much of admiring excess from afar. It invariably leads to revolt, or an utter breakdown of the system (e.g., Tsarist Russia first, Soviet Union following 70 years later).
We see some signs of how the 'peons' of today, the entitlement crowd, are accepting of Obama's opulent excess in vacations, trips, parties, et al partly because of the racial 'he getting up on whitey' thing, and largely because the combined discretionary income they have access to is comfortable (i.e., not believing what the MSM and Obama say about our 'poor'.)
This will change when they (entitled) become the overwhelming majority and they slowly exhaust the wealth of this country. Then they all be come really poor - the kind that Obama likes to say they are now. The entitled of today WILL NOT succumb and exist like the Dustbowl Okies, or the poor populace of the depression who really would work if there was work. They will riot and revolt, and they cycle will begin anew, as always.