Barack Obama was applauded today after he wiped out the national debt by taking out a loan.
The US President showed a flair for numeracy when he revealed the 1 Trillion debt had disappeared with the stroke of a pen.
The move was the final stage of fiscal realignment which has seen Barack Obama and other world leaders persuade banks to loan to institutions struggling to cope during the global recession.
"1 trillion sounds like a lot, in fact it sounds a lot like 1 tricycle but it's not. A lot, I mean.
"All I had to do was put up the USA as collateral and it was a done deal."
Sadly, the UK financial institutions do not seem to have caught on.
Several banks and credit card companies were criticised by Gordon Brown, Prime Minister, for failing to learn the lessons of the near banking collapse.
"They offered Kerry Katona credit and a loan," the PM said. "How more toxic can you get."
