Yes, you are right. We should borrow as much as we can at these low rates because they probably will not last long.

Oh wait, we are already doing that ...

The market is willing to buy our debt at attractive interest rates...

You are assuming that US debt will remain attractive. That is a dubious proposition indeed.

States cannot declare bankruptcy! They can default on their obligations, but there is no statutory provision for a state to declare bankruptcy.

California is the one of the highest taxed states in the country.

http://www.statemaster.com/graph/eco_tot_tax_bur-total-tax-burden-per-capita

What "liberals" just don't get is that raising taxes does not necessarily mean raising revenue. California doesn't have revenue problem, it has a spending problem.

Bankruptcy is a creature of statute. There is no statute by which a state can go bankrupt. We need a better term.

I was wondering what the hell.

Basing mating choices on physical appearance is the product of a hundred million years of selective pressure. It is not shallow, but rather it is one of our deepest animal traits.

This coyote survived being hit by a car at 75 MPH:

http://www.snopes.com/photos/animals/luckycoyote.asp

Since when did one relinquish their rights at the airport? -it wasn't always that way.

According to Originalists like Scalia and Thomas (who have been reliably most protective of 4th Amendment rights) , it has always been that way in the sense that persons have always had less of an expectation of privacy at ports.

Ahh, yes. Kyllo v. U.S. - one of my favorite cases.

To the extent that these devices were being used to observe individuals without a search warrant, any evidence discovered would not be admissible in court. The general rule (though IANAC[riminal]L) is that unless the technology is generally available to the public, then a search warrant is necessary to use it for evidence gathering purposes.

That doesn't negate the general invasion of privacy this technology poses, and each technology must be evaluated on its impact.

Deflation can certainly be attributed to the factors you have noted. There is no doubt that the drop in domestic demand is causing deflation, and giving the Fed and Treasury cover to inflate. The velocity of money is low. However, inflation will eventually come when Treasuries lose value, as they must when the Fed is buying them by the hundreds of billions worth. (Buying our own debt? What could go wrong there?) When our overseas lenders stop buying Treasuries, and start selling them, inflationary pressures will come from outside the US.

And housing prices always go up, right? http://research.stlouisfed.org/fred2/series/BASE

Economic terrorism? The US is destroying its currency - literally stealing from productive Chinese savers through inflation. Who will the "terrists" be when the US dollar loses half its value and our Treasury bonds are junk?