Saturday, October 12, 2013

The Onion Explains the Debt Ceiling Crisis

For a little Saturday morning entertainment I bring you The Onion’s take on the debt ceiling crisis. Here’s a sample:

What is the debt ceiling?
The debt ceiling is a specifically defined yet changeable clause in official federal legislation that ensures that our country becomes embroiled in maddening, childish theatrics every few months or years.

How high is the debt ceiling now?
Just like normal ceiling height.

When will we hit the debt ceiling?
On Thursday, Oct. 17 at precisely 5 p.m. Eastern time, when the nation’s $46 billion cable bill comes due.

What happens if the government defaults on its debt?
The United States will lose the credibility and respect we incorrectly assume other nations still hold toward us.

No comments: