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Thursday, November 15, 2012

Conrad Black sums up the truth!

Rendezvous with Disaster...

     The United States has endured a dumbed-down, hideously expensive election that retained gridlock and showcased the modern enfeeblement of its political process. The only previous time the U.S. had three consecutive two-term presidents, they were the principal authors of the Declaration of Independence, the Constitution, and the Monroe Doctrine. Now, 192 years later, a less accomplished trio has taken America’s current-account deficits from $80 billion to over $400 billion under Bill Clinton, on to $800 billion under George W. Bush, where it has generally held under Barack Obama. Accumulated federal gross debt had accumulated to $6 trillion in the 216 years of American history prior to Bill Clinton, moved up to $10 trillion after George W. Bush, and has burst out like the Incredible Hulk under Barack Obama, to $16 trillion just four years later.

  ...The truth can be a bitter pill to swallow!