RSSChina Takes Action against U.S. for Exceeding Debt Ceiling
John Lillipop | December 17, 2009
Satire by John W. Lillpop
As anyone who deals with the banking industry knows, the corrupt hyenas who were so quick to accept hundreds of billions of dollars in bail out funds are down right hostile when it comes to lending a helping hand to the very taxpayers who financed their fraud and deceit.
A favorite trick of credit card mercenaries is to unilaterally and indiscriminately reduce one’s credit line and then impose hefty fees and usury interest rates on those who exceed the new limits.
A catch 22, if ever there were one.
Unreliable sources have informed this reporter that the People’s Republic of China has joined the slime and sleaze ranks of U.S. bankers by taking action against Uncle Sam because Democrats have rung up the national debt in excess of the 12.1 trillion dollar limit.
China's President Hu Jintao is alleged to have sent President Obama the following memo via registered mail:
Mr. President Barack Obama
White House
Washington, D.C.
Greetings and salutations President Obama:
We are writing you to inform you that the People’s Republic of China has revised the terms of the credit notes issued to the United States of America as follows:
*Interest shall be assessed at an annual rate of 11.50 percent on all outstanding debt.
*Your credit line has been reduced by $750 billion dollars.
*All credit payments must be received by the first of each month. Late payments or uncollectible payments will result in a $50 billion fee which will be added to your outstanding balance, which may cause you to exceed your revised credit limit which will result in additional fees.
All changes effective immediately.
These changes are consistent with U.S. banking practices and are based on a recent report indicating that your administration, in concert with Nancy Pelosi and Harry Reid, has exceeded your own national debt ceiling of $12.1 trillion dollars.
Our decision is final and no appeal is possible.
With best wishes for a prosperous new year, we the People of China thank you for your reckless and foolish abandonment of sound fiscal policies.
##$#$$$$,
President Hu Jintao
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