By Tom Gantert, includes "... "No one is upset about it because the consequences haven't been felt yet," said Chris Douglas, the chair of the department of economics at the University of Michigan-Flint. "Eventually, taxes will have to be increased to pay off the debt (deficit spending just means future taxes) or spending will have to be substantially cut, especially popular spending such as Social Security or Medicare, since that is where the real spending is taking place." ..."