We are a capitalist society. Capital needs investment opportunities. To the extent those investment opportunities create jobs, fine, to the extent they don't, well, that is fine too. The point is for the super rich and oligarchs to get a return on their holdings of surplus cash.
Debt, if not gathered too rapidly will not cause a "Panic" or undue Inflation. Our current GDP is about $15 Trillion Dollars and our debt is about 85% of our GDP. If we can keep debt from increasing at, or about, the rate of inflation it can grow pretty much indefinitely without destroying our monetary system or "bankrupting the country". It's like a person who earns $70,000 a year having a mortgage on his primary
I tuned to the Big Picture Wednesday hoping to get away from all of the mainstream interview about the President's birth certificate and low and behold, you're interviewing wing nut from California who had just been on Lawrence O'Donnell and he cut her off because he was asking for an apology for all of the birther nonsense. She wanted to talk about not the birth certificate, but what you partially allowed her to discuss about some trumped up, no pun intended charges of illegality.
For some time, I've noticed the influence of 'greed is good' philosophy (i.e., Objectivitism) was having on the business of Wall Street and politics - primarily the GOP. Although there is overwhelming evidence through government records, video clips, interviews, and books by Norquist including Congressmen that Objectivitism is at the root of their anarchist jihad to destroy America as we know it.
"Today I am very proud of myself, because today I have accomplished what no one else has been able to accomplish. I have been just informed on my helicopter that our president has finally released a birth certificate. I would want to look at it but I hope it's true so we can get on to much more important matters. So the press can stop asking me questions. He should have done it a long time ago." So said Donald Trump this morning...now what?
Don't tell me that Obama is not an American!
Barack Obama and my husband share a common ancestor, Henry Perry, who settled in a Welsh community outside Columbus, Ohio, Radnor Township.
Henry Perry was born in Carnarvanshire, Wales, about 1747. He came to the U.S. with his wife, Margaret Jones, and some children. His son, Robert Perry, born in Wales in 1785, and Sarah Ellen Hoskins, daughter of Welsh immigrants to the community, were the first couple to marry in Radnor Township, 1811. The Perry family have been in Ohio ever since.
I have not heard anyone say that because Obama was born of a country girl from my home state of Kansas makes him also an American citizen regardless of where he was born.