Congress to Approve $2 Trillion Increase in National Debt

Report by Harrison Davies, SC Chapter

House and Senate Democrats proposed a plan last week that would allow the government to go into as much as $14 trillion in debt.  The plan would permit our government to spend the money that they already spent this year on such failed schemes as TARP, Cash for Clunkers, and the so-called Economic Recovery Act.  When asked if any thought was given to borrowing and spending money that Federal Law forbade them to spend prior to enacting new increased debt limits, Sen Max Baucus (D-MT) replied, “I’m pretty sure Federal Laws don’t apply to us.”

Concern has been voiced by virtually every credible economist that the current levels of spending and borrowing will have devastating long-term effects on our nation and the economic well-being of our citizens.  “Seriously, the U.S. is set to default on $1 Trillion in debt, and our elected officials are proposing spending billions upon billions more on government-run health care and another economic stimulus package,” grumbled economist Steven Lobenstein, “how stupid can lawmakers be?”  

In response to the Congressional Democrats’ plan, the National Economist Council (NEC) proposed a new sign to designate the location of Congress in Washington DC.  Fashioned after signs used to point travelers to libraries around the country, the NEC is proposing that the signs (pictured right) be distributed around the nation’s capital so that tourists will easily be able to locate “the place were such asinine decisions are being made.”

Obama Calls for Donations to Hillary

Report by John Parker, AK Chapter

Hillary Clinton overspent revenues by $22 million during her recent White House run. “This just proves what a great President Hillary Clinton would have been,” defended former opponent Barack Obama, “She overspent by millions of dollars on something that a majority of Americans adamantly didn’t want.” Obama has gallantly taken up the charge to encourage donors to give generously to Hillary’s debt. “The Clinton’s can’t possibly be expected to bear this burden alone; this debt is nearly as much as Hillary’s annual dividend check from her Wal-mart stock, and roughly the same as the annual rent due for Bill’s New York office,” explained Obama.

Some Democrats have questioned the wisdom of donating millions of dollars to the uber-wealthy Clinton’s, rather than the millions of Americans who face much more dire financial circumstances. John Hammond, a Iowan with a small family farm, lost his home, nearly half of his heard, and virtually all of his crops in the recent midwest flooding, wondered, “I’ve got five dollars to feed my wife and three children for the foreseeable future, we’re living in a tent without electricity or running water, and I’m better off than any of my neighbors. Why is that dumb bastard telling people to send help to the Clinton’s?”