Mother Nature will not be fooled, nor will Father Free Market. The debt that must be repaid will be, in one of two ways: either by taxes or by inflation. Obama stepped in it in his first term and is wading in deeper this term. He has run the National Credit Card to the limit and beyond which will stagnate the economy for many years as it is "paid back".
Father Free Market crushed the Soviet Union's socialist system years ago and will do the same to us if we ignore our debt, entitlements, and bloated government. He could crush the Middle East's dictatorships (and someday will) except for the valuable oil they export. The path this 'president' intends to take will invoke a massive free-market correction at some point.