Contributed by: filbert Saturday, May 21 2011 @ 10:19 AM CST
Thank you for your interest in the American Public Trust’s Gold Card credit program. Rest assured your application has been given thorough and careful consideration by the American people.
After reviewing the information provided in your application as well as your credit report, we regret to say that we are unable to extend you further credit at this time. The reasons for our decision are as follows:
(1) Inadequate income.Our records indicate that your annual income for the 2011 taxable year was $2,170,000,000,000. You have requested a credit limit of $17,000,000,000,000. These figures exceed the American Public’s debt-to-income guidelines for credit issuance.
(2) Excessive spending. The receipts you provided indicate your annual expenditures for the 2011 fiscal year total $3,820,000,000,000, or $1,650,000,000,000 more than your total income for the year. The American Public prefers that its members of Congress maintain a positive or neutral rather than a negative cash flow.
And those are just the first two of the six reasons that the few remaining fiscally sober Americans must, regretfully, decline the credit application request. Go to the link for the rest of the painful humor from the Richmond Times-Dispatch’s[*1] A. Barton Hinkle.
Let’s be clear about this:
IT’S THE SPENDING, STUPID!!!