An aside: Government debt

This is my first "Aside." This portion of the blog will be short observations and/or predictions that may not have a large amount of hard evidence, but that I believe will be important in the future.

I just heard a quote from Barack Obama's recent interview with Fox News. (Yes, I said Fox News.) His statement was: If the government keeps going further in debt, people in the US might lose faith in the government, and we might have a double-dip recession.... We haven't lost faith in the government yet? Look at the debt clock! Does it cause you to have more faith in the government? The site is not run or supported by a political organization. Notice how much more quickly the "US Spending Calendar Year to Date" figure is increasing compared to "US Federal Tax Revenue," (resulting in the "US Budget Deficit" number). Have you lost faith yet?!