According to Gary North:
"There is going to be a tremendous economic setback in the next recession. When that comes, the federal government's share of spending is going to increase. People will desperately look to the government for bailouts. The public will continue to grant legitimacy to the federal government for as long as the government sends checks out. The government will send out large checks to the elite, but it will have to send out enough checks to unemployed people to justify its existence. The welfare state will grow, and this will be its last hurrah. It is going to reach the bottom of the well. The blood is going to be drained out of the still solvent political turnips."
When the bottom of the well is reached and checks no longer go out, people will withdraw their consent to be ruled. North's timeline is by 2050. Read the entire article at;
https://www.garynorth.com/public/16740.cfm