The result of more debt to sustain consumption results in a greater creation of money to sustain that debt (much of which won't be paid back). This results in 2 hits of inflation, one now as the product is consumed, and another when the bailout happens to bailout the lender.
This higher inflation results in even lower living standards and lower real wages, resulting in even greater amounts of debt to be taken on to sustain consumption resulting in a runaway effect that gets worse and worse.
Coupled with overpopulation and Peak Oil, the result is alot of money, no oil, no food, no high paying jobs, lot of blame games.
Even worse, you have a population of people that expect something for nothing and expect ever more for everless until the system breaks.
When it breaks it will be epic. I just wonder who will be blamed. Usually TPTB in the past have blamed minorities and immigrants for example. In Nazi Germany they blamed the Jews and put them in concentration camps. Could an American Hitler arise that puts minorities in concentration camps? Stay tuned America to find out in next weeks episode of America's next Anti-Christ.