Tag Archive | "budget crisis"

Nation’s Debt Crisis Solved – No Need to Thank me – Conclusion


Previously, I shared several brilliant ways we can pay down the nation’s debt. But I was just getting started. I saved my best ideas for last.

Mount Rushmore: $8.2 billion. Comes with lifelike sculptures of three of our greatest presidents (plus Theodore Roosevelt). There’s even room for one more face. What better way to show your father you love him next Father’s Day than by carving his likeness right next to Honest Abe’s.

For just $3 billion more, you can even replace Thomas Jefferson with your own likeness (this offer not available to recently dethroned African or Middle Eastern Dictators). Read the full story

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Nation’s Debt Crisis Solved – No Need to Thank Me


Here’s a number that might scare you: $14,132,959,955,340. That’s 14 trillion dollars, give or take a few hundred billion. That’s the current estimate of our national debt according to the OMB (Office of Management and Budget). Here’s a slightly smaller but equally frightening number: $1 million. Read the full story

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Invisible Hand Sees its own Shadow, Two More Fiscal Quarters of Economic Downturn


New York, NY– On wall street today, the opening bell signaled one of the institution’s more macabre traditions, releasing the invisible hand, to determine whether it can see its own shadow or not. This tradition dates back to Adam Smith’s initial inception of the Invisible Hand. Ever since Smith coined the term in his work The Theory of Moral Sentiments, economic policy makers have captured the Invisible Hand and subject it to what is known in the meteorological field as “the shadow test.”

Al Roker explains “The [shadow] test is one of the most hallowed scientific institutions of all time. Groundhogs prove to be the most useful in meteorology, but a wide array of shadows can be used to determine a number of different unforeseen outcomes. Unfortunately for Wall Street, the Invisible Hand has seen its shadow quite regularly for the past decade.”

It has been reported that the primary reason for Austan Goolsbee’s inability to properly ascertain rises and falls in the economy, ultimately leading to his resignation, was in most part due to his disbelief in this sacred practice.

“Austan’s a smart guy, but there are some things that just work,” explains Paul Krugman, Nobel Prize-winning Professor of Economics at Princeton University.

“The shadow test lets us build a road map for the year to come. Without it, we would all be pretty much shooting in the dark. How in the hell are we supposed to know what people are going to do with their money? Just the other day I bought a Kindle when I already had a Nook, who does that?”

Economic policy makers in the White House have already been hard at work to limit the effects forecast by the Invisible Hand, but has met stern opposition from Tea Party members. Rep. Paul Ryan (R-Wis) has been one of President Obama’s most outspoken critics. Ryan asserts that “Obama can’t possibly think he’s powerful enough to take on the Invisible Hand of Economics. I mean, it has built and destroyed empires. The Invisible Hand will always prevail against socialist tyrants, all hail the Invisible Hand.”

Despite the ominous warnings issued by the 18th century metaphor, Americans seem to be optimistic. A recent Gallup Poll showed that only 3 percent of Americans believed that they believed the hand’s predictions to be true while the other 97 percent responded “invisible what? Is it like a stranger?”

So far, reports have not been confirmed that another shadow test will be administered any time soon. Krugman continued, “This is science, you can’t just try it over again to see if you get different results. That’s not how reproducible observation works. That would be like using a Magic 8 Ball.”

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Adam Lambert Spelled Backwards is Difficult to Pronounce


Most people have not taken the time to wonder what would happen if you spelled Adam Lambert’s name backwards. Mostly because it doesn’t really spell anything. Trebmal Mada may be a word in a foreign language. It could translate to ‘working giant jungle cat.’ We simply do not know. Read the full story

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