“But he has nothing on at all,” said a little child at last. . . . and one whispered to the other what the child had said. “But he has nothing on at all,” cried at last the whole people. That made a deep impression upon the emperor, for it seemed to him that they were right; but he thought to himself, “Now I must bear up to the end.” And the chamberlains walked with still greater dignity, as if they carried the train which did not exist.
Thursday, May 04, 2006
Bush and Debt
What a Wicked, Monetary World by Bill Bonner: "The Financial Times goes on to note that it took 204 years for the U.S. government to accumulate its first $1 trillion in debt. Now, it adds that much every 18 months. George W. Bush has added more debt than any president who ever lived. In fact, he's added more debt than all the presidents who ever lived...combined."
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