Rules for Changing a Limited Republican Government into an Unlimited Hereditary One (1784-1786)
6. But the grand nostrum will be a public debt…
7. It must not be forgotten that the members of the legislative body are to have a deep stake in the game. This is an essential point, and happily is attended with no difficulty. A sufficient number, properly disposed, can alternately legislate and speculate, and speculate and legislate, and buy and sell, and sell and buy, until a due portion of the property of their constituents has passed into their hands to give them an interest against their constituents, and to ensure the part they are to act.
10. “Divide and govern” is a maxim consecrated by the experience of ages, and should be familiar in its use to every politician…
11. As soon as sufficient progress in the intended change shall have been made, and the public mind duly prepared according to the rules already laid down, it will be proper to venture on another and a bolder step toward a removal of the constitutional landmarks.
http://www.constitution.org/cmt/freneau/republic2monarchy.htm
What happens when the annual debt payment on merely the interest owed exceeds the total amount taken in by all taxes, fees, and tariffs? That is not too far off and especially if interest rates are raised. At the outside it’s 30 years. Recently, as much as 30% of the annual budget has been borrowed money. Currently, the debt is approaching the GDP.
My guess is hyper-inflation Zimbabwe style will be the response at the time. They’ll prop everything up with printing presses. That will necessitate a totalitarian regime.
Prior to that, they really need to dumb down the American people and make them totally dependent. It’s really hard to have Zimbabwe without Zimbabweans to cower in corners taking it.