Thursday, 3 October 2013

US Economic Armageddon Looms; Experts say 'Go for it'

The US Government told 800,000 federal employees to stop showing up for work and to not expect a paycheque for a while due to the Republican controlled House of Representatives blocking an increase in the US debt ceiling. The Republicans voted against raising the debt ceiling in an attempt to pressure the Democrats into repealing Obamacare, which is known as cheap health insurance in the rest of the world. Despite the Democrat's assurances that the Affordable Care Act will not be scrapped, the power move by the Republicans has cast doubt over whether America will get to join the ranks of countries like Mongolia, who don't deny their citizens health care. The 48 million uninsured citizens across the country are anxious for a solution to this three day stalemate, with many wondering why the Republicans couldn't just step on a puppy instead of going after health care, especially now that America has backed itself into a corner made of IOU's.

By shuttering the non-essential services of the Federal Government, experts believe that not raising the debt ceiling could cost the US billions in lost economic activity and, if not resolved by October 17, could potentially cause America to default on it's debts, provoking a catastrophic financial crisis across the globe. While a global financial disaster on a magnitude the Earth has never seen would be terrible for humanity, resident economic expert Ovaltine Goose-Shredder says that Canada would be unaffected thanks to our currency being destroyed by a poorly planned sweepstakes six months ago. “Our economy is bombproof now, because it's already failed!” he said in a press conference early Thursday.

Goose-Shredder says that Americans could take a lesson from their Northern neighbours in dealing with economic hardship, as Canadians have adapted well to their labour becoming the benchmark of value, instead of money. “Canadians are getting what they need, and if they can't get it, they probably don't need it. They have less, way less, but because every trade is an even barter, they don't come out of the transaction owing anyone, and there's something to be said for that.” American policy experts have been studying Canada's response to the economic meltdown, and are now jealous of Canada's licence to re-organize their economy in any manner they want. “[America has] been raising the debt ceiling instead of dealing with their problem for so long that having a happy accident tank the economy looks like a blessing.” says Goose-Shredder. Because of this, Goose-Shredder says the United States defaulting on their debts could be a good thing, “It would force [the US] to deal with [their debt problem]. As hard as that would be in the short term, it would be better for them in the long run.”

Several weeks ago a parliamentary committee was put together by Prime Minister Harper to look at all possible plans for Canada's new economy, as feudal agrarianism doesn't help Canada compete internationally in the slightest. The committee is expected to report on their decision in early December. Ovaltine Goose-Shredder is optimistic about having a new plan for economic organization, horrifying as it will be, saying, “The fact of the matter is, we made all this up, and we can make up something else. The transition won't be pretty, in fact it will be horrific, but it can be done, and it should be done. By both Canada and America.”

Stopped for comment outside the Covent Garden Market early Thursday, Citizen Danny expressed an opinion that is growing amongst young Canadians, who are starting to bristle at the idea of taking on debt. “All I hear out of my parents and relatives is how to get the things they have, and that debt is a necessary part of life. Look at the US debt crisis right now, and watch how fucked Canadian families will be when the interest rates go up. I don't think they understand what kind of terrible idea debt looks like right now. It's like they're trying to talk me into voluntarily fucking myself.”

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