Lots of debt will be restructured in future bankruptcies. The demographic earthquake known as The Baby Boomers will ensure that, because we could tax everyone at 100% and still not have enough for the benefits they have been promised. In 2012, about a dozen cities in the US filed bankruptcy, and every single one of them used bankruptcy laws to reduce benefit payments to levels that could reasonably be provided. That will happen more and more, it's unavoidable, especially after last night.

My friends who are teachers are all liberal, because they think conservatives want to screw them. On the contrary. It's liberal politicians who are screwing unionized workers (at least those who are younger than Baby Boomers) by promising benefits that can never, ever be paid for. I have no idea what will happen to those teachers when they are 65 and told their pension plan is belly-up. God help them.

"could tax everyone at 100% and still not have enough for the benefits they have been promised"

Exactly right. For some reason, liberals don't seem to grasp that, from those that I have spoken to they seem to think..."It will work itself out somehow, but I need to still get that monthly check and I will vote for anyone who says they plan to send it to me." One person actually said..."the county's debt really doesn't effect me as far as I can see"...I am afraid that too many people really feel like this. (When the checks stop and a bill comes I think he will get the message quick)

I love the US but it is getting so I am really thinking of moving to a remote island in south pacific someplace and living out my days in a hut with a small boat and some light tackle.

Dow Plunges below 13,000

Yea, I guess we know how Wall St Feels

The dreaded 1% say sell
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The man I work for told me today he's had it. Going to cash in the company and retire early to Costa Rica. Guess I'll just have to load up on melanin and change my name.
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Socialized healthcare there. :rotf2:

I should of bought SWHC stock this morning in pre-market. I knew it would pop.

About to be here I assume. Fishing's good there though.
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Get this... I'm currently in Denver - flew in last night. My company is providing the technical production and A/V equipment for the first national medical marijuana conference that starts tomorrow.

Going to be a very interesting week.

The only thing that is giving me hope right now is that this election process was so dismal that there will be a grass root movement to bring in some type of term limits for the House and Senate. Personally I would like to see any person limited to two terms in the senate and three terms in the house. The term in the house should be changed from two years to four so these guys are not constantly looking for money. Finally no citizen can serve for a period more than 16 years total in the house and senate combined.

Would be nice if Obama and the Speaker come out and say they are going to a room and not coming out until they have a deal.

Get some samples. My eyes are blurry.
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thats awesome, have fun

Nice work. you up in the catwalks? :jump1:

A Stern classic...typ. inner city Dem:

Howard Stern Exposes Obama Supporters 2012 (Official) - YouTube#!

And if Romney won we'd be seeing the same from middle america inbred hicks, whats the point?

ahh, the liberal view of the middle class

ahh, the elitist right putting words in people's mouths.

stay classy jimmy!

hang on...

you call people "middle america inbred hicks" and Im an elitist and not classy?

too funny

Yes you are, because you can't formulate a coherent thought without making accusations or assumptions.

Keep up the partisan classist hackery. The kids dig it.

good argument, you make class remarks, you insult 50% of this country and I am the elitist classist hack.

Must feel great to be a liberal, you remind me so much of this South Park epsisode, fits you perfectly.

South Park best farts - YouTube

Which is why many social issues should be left to the states, not the Federal Government. 1-3 justices like Ginsberg, Soto-Mayor, and Kagan could mean serious changes in social issues as well. Depends on whose ox is being gored. You're all fine with SCOTUS imposing its will on the people as long as you like what is being imposed. But, oh no, forbid that it takes away some of your cherished rights. If Roe v. Wade were overturned, that does not mean that abortion, or other "rights" that you like would be denied. It would, as constitutionally prescribed, allow the people of the various states to decide.

Deciding to change the structure of our government and replace inalienable rights with centrally authoritatian government granted rights and allowing also that government to totally decide which rights are granted and which are not, merely so that some pet social issues are made universally manadatory is not only silly but the very dictatorship that you fear.

I didn't know there was an elitist right, I thought they were the one percent, the uberweathy greedy oppressor militiafunders or the puppeteers or something. I do know there is an elitist left.

The market usually does pretty poorly the day after the election.

Add to that the looming fiscal cliff negotiation that we have to get through and it's going to make people very jittery short-term.

-spence

Wish THAT got more airtime in the past year.

serously, is it a coincidence that its all over the media today but not mentioned in the mainstream (non-financial news) during the elections cycle? No debate question on how you would handle the fiscal cliff?

THE HORROR....

After hearing today that post vote interviews showed 21%
were influenced by Obama and Christie stepping over a 2x4 together after Sandy, reminds me of JDs remarks many months ago about stupid uneducated voters.

Nothing wrong with the Repub message, smaller govt.and fiscal responsibility,
just uneducated voters influenced by a blurb of cum bi ya on TV, forgetting they had hired a guy 4 years ago to do a job,which he failed at,and it was time to fire him.

I saw that on CNN this morning an' about Shat my pants

I know this will piss off a lot of die hard Rs of the highly religious bend, but if the swinging schwantzes in the R party keep talking about stuff like maybe a rape being a God's Will, then smaller government and fiscal responsibility will never make a difference.

I fear that should we stay on the same path WRT national debt / taxes / employment that it is not inconceivable that we are probably 4 election cycles away from a no #^&#^&#^&#^& civil war or serious state level discussions of secession. When Texas says Eff this what will stop them?