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The Onion’s Guide To Understanding The Debt Ceiling Crisis

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What’s Inside Trump’s Tax Returns

Donald Trump’s aides have confirmed that the Republican presidential nominee will not release his tax returns despite numerous public calls for him to honor the expectation of transparency for presidential hopefuls. Here are some of the potentially damning contents that Trump prefers not to release to the public

Hillary Clinton Holds Infant Grandson Upside Down By Ankle In Front Of Convention Crowd

‘Family,’ Candidate Says

PHILADELPHIA—Seeking to make her case to the nation’s voters as she accepted her party’s presidential nomination Thursday night, Hillary Clinton reportedly began her headlining address at the Democratic National Convention by holding her infant grandson, Aidan, upside down by his ankle and firmly intoning the word “Family” in front of the assembled crowd.

Hillary Clinton Waiting In Wings Of Stage Since 6 A.M. For DNC Speech

PHILADELPHIA—Saying she arrived hours before any of the members of the production crew, sources confirmed Thursday that presidential nominee Hillary Clinton has been waiting in the wings of the Wells Fargo Center stage since six o’clock this morning to deliver her speech at the Democratic National Convention.

Depressed, Butter-Covered Tom Vilsack Enters Sixth Day Of Corn Bender After Losing VP Spot

WASHINGTON—Saying she has grown increasingly concerned about her husband’s mental and physical well-being since last Friday, Christie Vilsack, the wife of Agriculture Secretary Tom Vilsack, told reporters Thursday that the despondent, butter-covered cabinet member has entered the sixth day of a destructive corn bender after being passed over for the Democratic vice presidential spot.

Cannon Overshoots Tim Kaine Across Wells Fargo Center

PHILADELPHIA—Noting that the vice presidential nominee had been launched nearly 100 feet into the air during his entrance into the Democratic National Convention Wednesday night, sources reported that the cannon at the back of the Wells Fargo Center had accidentally overshot Tim Kaine across the arena, sending him crashing to the stage several dozen feet beyond the erected safety net.

Who Is Tim Kaine?

Virginia senator Tim Kaine will be Hillary Clinton’s running mate on the Democratic Party ticket in the 2016 presidential election. Here’s what you need to know about Kaine
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The Onion’s Guide To Understanding The Debt Ceiling Crisis

The Treasury Department has warned that the continued failure by Congress to raise the debt ceiling would leave the United States unable to pay all of its bills and may force the country to default on its government bonds. Here are some helpful answers to the most common questions about the debt ceiling crisis:

What is the debt ceiling?

The debt ceiling is a specifically defined yet changeable clause in official federal legislation that ensures that our country becomes embroiled in maddening, childish theatrics every few months or years.

How high is the debt ceiling now?

Just like normal ceiling height.

When will we hit the debt ceiling?

On Thursday, Oct. 17 at precisely 5 p.m. Eastern time, when the nation’s $46 billion cable bill comes due.

What happens if the government defaults on its debt?

The United States will lose the credibility and respect we incorrectly assume other nations still hold toward us.

How would a government default affect the economy?

Picture a cake, small crumbs of which fall off during each slice, or transaction, whenever money is lent to institutions from the Federal Reserve. It is a thick, rich sponge cake with icing. The icing is the American people.

How would a government default affect me?

It’s always about you, isn’t it? Prick.

Has the government ever defaulted on its debt before?

No, although it came close in 1877 when Rutherford B. Hayes installed the White House’s first telephone, then ordered 900,000 pizzas.

What do Republicans want in exchange for raising the debt ceiling?

Reasonable solutions to create an affordable, private, cost-effective health care system, a renewed emphasis on the entrepreneurial spirit that makes this country so great, long-term investments in our economy and infrastructure to build a stable and sustainable middle class, and a return to constructive political discourse.

How can I explain this crisis to my children?

You have kids? Uh-oh.

Are the debt ceiling crisis and government shutdown connected?

Technically no, but in many Eastern veins of thought it is believed that all things in the universe are connected. The cherry blossom and earthworm do not know the other exists, but is it not the fallen petal that provides nourishment to the earthworm, and is it not the earthworm that enriches the soil for the blossom’s mother tree? Perhaps there is more truth in seeing the world and everything in it as one than in believing that things are separate.

Why do we need Congress to raise the debt ceiling?

You know what, you’re absolutely right. We don’t need Congress. Let’s just do it ourselves! Come on, everyone!

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