The options for who takes over are two breeds of bad guys and the Freedom force who wants to re-establish constitutional rule of law. The bad guys (as I see it) are the Marxists and One-World Government types who have been trying to establish global socialism for a long time and the Islamists who are trying to establish Sharia'h law everywhere in the world. While they are essentially aligned right now, because they both see the end of the US as in their best interest, when real fighting starts, expect them to go at each other. I can't imagine how the Islamists can align themselves with real atheists, and those who endorse or even favor homosexuality. If you want to determine which of those are the most ruthless fighters, it's hard to predict. No one doubts the Jihadis are mean fighters, but the communists did kill off almost 100 million people in the 20th century. The good guys may be able to minimize their own casualties by working the two bad sides against each other.
When I speak about One-World Government types, I'm including our current administration, many of whom advocate Maoist or Marxist ideals, and are on record wanting to "de-develop" the US. It is possible that the administration has acted to put a structure in place to catch the collapsing US Fed.gov and replace it with a command economy. The simple act of rolling the tanks around the White House and declaring martial law would do this.
Borepatch has an excellent article today: The Panic of
That said, I'm more optimistic for the USA than for Europe. We already have a million people taking to the streets in a populist revolt against the clueless governing class. There's at least a chance that today's Tea Party movement - the people who clean up their own trash after their rallies on the Washington Mall - will deal with this in the ballot box.The sentiment that we're not voting our way out of this is so widespread that it hardly needs mention here. Our country is running around 12% of GDP as deficits, beyond the historical collapse point of other countries (typically 10-11%). Denninger shows this graph of deficit growth since 1993. See "unsustainable".
Finally, blogging is likely to be spotty for the next few days to a week. I have to take a business trip far from Castle Graybeard, and I won't know how good the connections are until I get there.