Yep. That's what is scaring me.
There's no way for anyone to get a job, and they are ending the support people need to survive.
The way things are going, the US will have an avalanche of bankruptcies, the banks will end up owning underwater foreclosed houses again, and so the property market will collapse and the financial sector will demand a bailout again.
But this time, people even less thoughtful than Dubya Bush's team are in charge.
I guess the poor will be left to starve. It's what those awful people call creative destruction, and the rest of the human race call genocide.