All The Best
THE ELEPHANT BAR IS CLOSED
I want to thank everyone who participated in the Elephant Bar over the past twelve years. We had millions of visitors from all around the World and you were part of it. Over the past dozen years, two or three times a night, I would open my laptop and some of you were always there. I will miss that.
My plans are to continue my work with technology and architecture. You know my interests and thoughts.
At times, things would get a little rough in the EB. To those of you that I may have offended over the years, I apologize. From all of you, I learned and grew.
An elephant never forgets.
Deuce, 21 June 2018
Saturday, July 16, 2011
Obama and Congress Agree To Raise Debt Ceiling to $120 Trillion
Sen. Everett Dirksen on increasing the federal debt (1965)
HAT TIP: Unconfirmed Sources
Complicated graphs and charts prove the country is now just fine.
President Obama and Congress breathed a collective sigh of relief today as Obama signed into law a budget agreement that would raise the federal debt ceiling from it's current $12 trillion to $120 trillion.
"The country's finances are now in excellent shape", an upbeat Obama said in a prepared statement. "We now have plenty of money for education, health care, social security, NPR and funding for the wars".
House Republicans were initially against raising the debt ceiling until Mitch McConnell, the Senate Republican leader, reminded congress that without the removal of the debt ceiling congress would have to be shut down and they would be unable to vote themselves pay raises.
The President said he has a plan to have the country fiscally sound by the time the $120 trillion debt limit has been reached, which will probably be in about 10 years.
"We will start slowly paying our bills", Obama stated. "We will find ways to reduce the deficit as time goes on but let's enjoy the economic prosperity we have now found!"
Some people interviewed were skeptical of the new plan. "If I go a hundred bucks in debt I have creditors crawling up my ass!" said Ventura California bartender Melvin Grace. "Why can't I go at least a few thousand into debt and be OK?"
"You do as we say, not as we do", Obama reminded Grace.