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Thursday, March 16
Debt is Good Credit
In today's episode of Fuck The Poor, the Senate voted fuck everyone to raise the debt limit allowing the government borrow another $781 billion without raising taxes or cutting frivolous spending. This means that each and every American now owes $30,000.
Amazingly, "After the vote, Treasury Secretary John Snow applauded Congress for "protecting the full faith and credit of the United States," saying it ensures that the government "can deliver on promises already made, such as Social Security and Medicare payments and aid for the victims of the 2005 hurricanes.""
Another bright light Charles Grassley, R-Iowa said, "It is necessary to preserve the full faith and credit of the federal government."
So if you borrow outrageously, they just keep raising the debt limit just like if a Repuke breaks the law, the Repukes change the law or make a new one.