Now, his meaning and its consequences are more clear.
Let's face it: an "educated electorate" never would have elected a man to the office of President with Obama's lack of transparent academic achievements, blatant Far-Left voting record and lack of even basic levels of management experience.
By contrast, America's Founders and Framers of the Constitution he so disdains, were learned men, scholars of history, and men who put their own lives on the line for the sake of liberty for future generations! They understood that "taking" the people's money and "redistributing" it, spending more than is necessary for defense and common needs, and building voting constituencies by promising "goodies" from the public treasury will lead to loss of freedom and prosperity.
We can't publicize the following wisdom from Jefferson often enough between now and November 6:
"To preserve [the] independence [of the people,] we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:39
"I deem [this one of] the essential principles of our government and consequently [one] which ought to shape its administration:... The honest payment of our debts and sacred preservation of the public faith." --Thomas Jefferson: 1st Inaugural, 1801. ME 3:322
"I sincerely believe... that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale." --Thomas Jefferson to John Taylor, 1816. ME 15:23
"[With the decline of society] begins, indeed, the bellum omnium in omnia [war of all against all], which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:40
"We, the People," must hold a new President to account for upholding the Oath he takes to uphold the Constitution and to respect its limits on power. Our job is just beginning to educate new generations to the principles underlying their freedom.