"You only hate Obama because he's black"

[abaris]

Yeah, the Electoral College is put into place in Article 2, Section 1.

Actually made sense in the late 18th century. Farmers didn't have to leave their crops to cast their votes, so they sent out delegates. Doesn't make the same sense now, though.

[Wyrd of Gawd]

The more money you have the more debt you can take on.

The bullshit the global uber rich don't seem to understand is that the earth is a globe, and finite, not flat and infinite. There is something horribly immoral about 62 individuals having the same wealth equal to 3.5 billion of 7 billion.

The more money you have can also cause you to be a complete selfish power hungry narcissist.

Dept is bullshit. We raise it all the time. The real dept isn't because the rich need all that profit, the real reason we have so much dept is because the top uses the rest of us as their ATM and make bad bets, and dump the losses on us when they lose. And on top of that pay is not keeping up with the cost of living. There is something also horribly wrong when you pay rent of $1,200 a month not for an apartment, not for a room, but for a bunk in a room with others. 

There is something horribly wrong with cell phones that cost so much people make payments on them like a car. And everything is going like that, you look at QVC and Home Shopping Network, and just about every product is a "flex pay" option. 

It is boiling the lobster slowly. No, the uber rich don't need our money, we don't need to be supporting them through tax cuts for them. We need them to invest directly in workers in livable wages and cheaper cost of living.

The national debt started growing after the Civil War when the Repubs refused to raise taxes to quickly pay it off.  And because they were in control for so long the national debt kept growing and people got used to it.  

The way the debt is structured there's no real need to pay it off.  If things get rough the government can simply say "too bad, so sad".  Foreign countries will be pissed but who cares?  The citizens will be OK because they won't have to fork over 90% of their income to pay it off.

And since foreigners own so much of the debt they are funding our operations instead of investing their money in their own countries.  If they spent all of that money in their own countries they could solve a lot of their internal problems.  Instead, by buying our debt they allow you to pay low taxes.  

So don't sweat it.  Life is good.  You'll be long dead before the crap hits the fan.  By that time the national debt might be $500 Trillion.

[Thumpalumpacus]

The debt is essentially meaningless. The dollar is a fiat currency. If we wanted to liquidate the debt tomorrow, we could.

It is, after all, what the Germans did in the hyperinflation of 1923 -- liquidate debt by devaluing currency.

[Wyrd of Gawd]

The debt is essentially meaningless.  The dollar is a fiat currency. If we wanted to liquidate the debt tomorrow, we could.

It is, after all, what the Germans did in the hyperinflation of 1923 -- liquidate debt by devaluing currency.

I agree.  The politicians run up the debt  so that they can boast about not raising taxes. When they do a tax cut it means that they will never reduce the debt because there's no money to pay off the balance.  The larger the debt grows the less likelihood it will ever get paid off.  The end game is that at some point the debt will be declared null and void and we will start over with new money.

[The Atheist]

I don't like Obama because he's a pretentious blowhard.

Still, if he'd been a white dude named Chip Whitley, nobody would have voted for him because, holy Jesus Christ bloody in a wicker handbasket, the guy had no significant history.

Face it. Liberals were enamored by a charismatic handsome black dude with an "exotic" name.

If that isn't racism, then I don't know what is.

[Jackalope]

Face it. Liberals were enamored by a charismatic handsome black dude with an "exotic" name.

Personally, as a more-or-less liberal, I simply thought Obama was the least wrong lizard..

[Mr.wizard]

I don't like Obama because he's a pretentious blowhard.

Still, if he'd been a white dude named Chip Whitley, nobody would have voted for him because, holy Jesus Christ bloody in a wicker handbasket, the guy had no significant history.

Face it. Liberals were enamored by a charismatic handsome black dude with an "exotic" name.

If that isn't racism, then I don't know what is.

First off, Obama is not winning the presidency with just the liberal vote, assuming he even got all of the liberal vote. Second, Obama won because he campaigned on change for the middle class, who had just been decimated by 8 years of Bush and the worst financial collapse maybe ever.