Your philosophical position would be wrong. Nothing particularly unusual happens at the event horizon, from the POV of someone falling through it. Well, communicating with the outside world does become impossible, but mass doesn't suddenly turn into energy or anything.
What happens later is a somewhat different story. The event horizon also marks the point at which gravitational twisting has switched one of the spatial dimensions (specifically, the one with an axis going through you and the singularity) and [i]time[/i]. You can't escape, because that would require going back in time.
Unfortunately, this also means that absolutely any acceleration you do means you hit the singularity sooner. Remember time dilation? Right. Keep those thrusters off, and you'll live slightly longer.