Collapse. The freeloaders will be marching in the streets demanding their free handouts. "We want our entitlements!"
U.S. money will be worthless. Right now, we're already borrowing half of everything we spend on entitlements. We can't keep borrowing forever.
Because of Obomanomics, people have no jobs. No jobs mean no tax revenue, so things are getting even worse. Where will Washington get the money to pay back our loans AND maintain the entitlements? They'll have to keep printing money to maintain the illusion, but each time they do our money becomes even more worthless.
That's right. The politicians won't be able to do anything but hand out money that is becoming more and more worthless as everything will cost more each day/week/month.