The Light Entertainment at the End of the Tunnel. Ridin' that train... yes, that train...

Friday, October 03, 2008

Hey Asian and Arab Creditors: the $10 Trillion will never get repaid. Just so you know.

National debt topped $10 trill this week: The Swamp

The Gross National Debt

by Frank James

There were no fireworks so a lot of people probably missed it. We even forgot to mention it here on The Swamp when it happened though we saw the reports. Anyway, on the last day of September, the national debt hit $10 trillion plus.

President Bush signed legislation in July that raised the debt ceiling to $10.615 trillion. Meanwhile, the financial bailout legislation passed by the Senate last night would raise the debt ceiling further to $11.315 trillion.

From the desk of H-Ross Parot:

OK now, Chinese people? Great to see you in space. Enjoy the Moon and Mars: looks like you'll have them all to yourselves. But now, see, about that $10 trillion? See, you need to understand that the US is like a drunk who just got throwed out of the bar for the last time. See now, he owes everyone including the bartender as much money as they would loan him, and they were already sick of him picking fights with everyone his bookie Wolfowitz sicked him on, and finally he ran out of money, credit and booze and just fell over and they threw him out in the parking lot and he's just a-lyin' there in a big puddle of puke, and of course Wolfowitz is long gone, probably in Taiwan by now.

Now, y'all can go on "loaning" him money as long as you want, but you need to understand, in case there is any doubt, that what you're really doing is giving it to him. I mean, let's get real here, Chinese people: when was the last time you got paid back by a drunk lying in a puddle of puke in the parking lot?

Anyways, the Olympics were great, your spacewalk was great, and I'm sure you'll do at least as good a job of running the world as we did. Probably a lot better. I mean, y'all have been around for like five thousand years, so you must be doing something right.

Oh, and sorry about the $10 trillion or whatever it is now (meaning more). Looks like we're just tapped out for the next hundred years or so.

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