“I’ve come to the conclusion that total economic collapse is inevitable. On the plus side, Eastern Europe emerged rapidly from the ruins of communism. A quick collapse, with a default on the debt, could force a return to the economic “state of nature” —a market economy.”
I don’t see the end result being like eastern Europe, I see it being more like the USSR.
As to who is blamed for it, that will depend on where you started. The left will blame capitalism, of course. The right will more correctly blame a legacy of profligate spending that couldn’t be maintained. We’ll see if the right wing actually addresses the underlying problems of the birth dearth, amorality, an educational system working at a 3rd world country pace, the death of the work ethic, etc.
That's a real possibility.
At this point, I'd take Putin over Obama.