(Washington) Democrats and Republicans have averted a fiscal crisis by announcing a plan to roll over 14 Trillion dollars of U.S. government debt onto a Discover card.
The United States of America is pre-approved for the Discover More card. Portugal, Ireland and Greece were recently turned down due to bad credit scores.
After 5 days of intense negotiations, leaders of the two parties have been under pressure from the Obama administration but have agreed on a temporary solution to the looming debt crisis: rolling over trillions of dollars onto a Discover card.
“Look, we know this is a temporary solution, but it’s better than raising the debt ceiling again.”
Obama said earlier today.
“With Discover get a 0.00% Intro Purchase APR for 15 months. After that it’s a 11.99% – 19.99% Variable Purchase APR. But I swear we’re gonna try to pay off the debt before that 15 months comes around.”
“Plus we get 5% cash back. If the government spends only 1Billion on the card that would be what, 50 Million bucks? Sweet.”
Discover - why pay the U.S. government debt when you can get a 0% introductory for 15 months?
The only hold up seems to be the card design for the new debt card.
Liberal Democrats say they like either the cute tabby or the beagle design.
Tea Party members of congress are calling the pet designs “too wimpy” and favor the American Spirit design.
And the always unpredictable Ron Paul is holding out for the Texas state flag as the design on the new Debt Rollover Discover card.
“I’d rather see Texas as a separate nation and let Bernanke’s debt be damned. But at least it would be a step in the right direction.”
Okay this will never work, as Suze Orman says you are not really addressing the problem of spending on wants over needs that got us into debt in the first place. I did find this very funny but as the wife of one of the writers I think paying would be weird.
LOL