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The Onion’s Guide To Understanding The Debt Ceiling Crisis

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Politics

How The GOP Plans To Stop Trump

In response to Donald Trump’s growing presidential primary lead, here’s how Republican Party leaders are ramping up efforts to prevent him from getting enough delegates to win the nomination outright.

It Unclear Why Thousands Of Loud, Chanting Trump Supporters Gathering Outside Arena In Iowa

‘There’s No Event Here, But They Keep Coming,’ Say Concerned Stadium Staff

DES MOINES, IA—Noting that the Republican presidential candidate had not announced any plans to visit Iowa since the state held its caucus 11 weeks ago, baffled sources reported Wednesday that it remains unclear why thousands of loud, cheering Donald Trump supporters are gathering outside the Wells Fargo Arena in Des Moines.

Obama Caught Trying To Jump White House Fence

WASHINGTON—The White House was briefly placed on lockdown Friday morning after “an addled and emotionally distraught” President Obama was reportedly caught trying to scale the North Lawn fence, the third such attempt this year, Secret Service officials confirmed.

FBI Convinces George Clooney To Wear Wire During Clinton Fundraising Dinner

SAN FRANCISCO—In an effort to gather evidence in their investigation of the presidential candidate’s alleged misuse of her private email server when she served as secretary of state, members of the FBI reportedly convinced actor George Clooney to wear a hidden listening device Friday night while attending a campaign fundraising dinner with Hillary Clinton.

The Pros And Cons Of Voter ID Laws

Many states are pushing for stricter voter identification policies at the polls, while critics argue such requirements are unconstitutional and used as a means of voter suppression. Here are some pros and cons of voter ID laws.

Shimmering Immaculate Republican Candidate Appears Before GOP Officials

‘It’s Him,’ Stunned Conservative Leaders Mutter

WASHINGTON—Explaining how they froze in place and stared up at the miraculous vision in rapt wonder, members of the Republican Party leadership reported that the shimmering image of an immaculate, ideal GOP presidential candidate appeared before them for a brief moment Friday and hovered in front of the party’s headquarters in Washington.

Trump Catches Self Briefly Believing Own Campaign Rhetoric

‘Whoa, That Was Scary For A Second There,’ Says Candidate

BETHPAGE, NY—Admitting that he was overcome with terror after realizing what he had done, Republican presidential candidate Donald Trump told reporters he caught himself briefly believing his own campaign rhetoric during a rally Wednesday night.

Cow Ted Cruz Milking In Wisconsin Photo Op Only Giving Curdled, Foul Liquid

ALMA, WI—Saying the putrid stench of rancid dairy had caused numerous onlookers to gag and rush out of the barn, sources at Noll’s Family Farm confirmed Monday that only a thin stream of curdled, spoiled liquid was emerging from the cow that Republican presidential candidate Ted Cruz was attempting to milk during a campaign photo op.

How A Contested Convention Would Work

With the Republican Party potentially headed to its convention without a clear-cut presidential nominee, The Onion answers common questions about how a contested convention would work.

Advisors Tell Trump, Cruz To Stick To Just Attacking All Women In General

JANESVILLE, WI—Attempting to reduce the negative publicity generated by their candidates’ recent attacks on each other’s wives, top campaign advisors reportedly instructed Republican presidential hopefuls Donald Trump and Ted Cruz in private meetings Monday to stick to just attacking all women in general, sources confirmed.
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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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