In the heat of a political campaign, a candidate can be forgiven for the occasional gaffe. It happens to them all. But what happened to President Obama on July 13, however, was something else: the accidental expression of exactly what he believes.

Government debt is a very real problem. It’s not just a problem on paper that we can dismiss in reality, pushing it off into the future over and over again. Sooner or later, we have to confront these debts—and bad news does not get better with age!