I think it already has, some compare us to basket case countries and say we are fine but that is a load of BS. Some recon because S&P give us a AAA rating things are just dandy, more BS, that will continue right up until it stops. Economic trends form slowly and they build momentum and they can be almost impossible to stop let alone turn around. Eventually you get to a point where austerity does more harm than good, I call that the point of no return when you have dug a hole so deep you cannot get out.